directive Archives - Financial Mirror

New EU Directive to promote RES

The EU published a new Directive this month “to promote the use of renewable energy sources by means of reduced VAT rates.” The Directive states: “In order to support the transition towards

22nd April 2022

Energy

Finance Minister warns against rejecting VAT directive

Finance Minister Constantinos Petrides warned MPs that any tampering with a European Union directive to reduce the size of homes entitled to lower 5% VAT could invoke sanctions. Addressing MPs concerns over

14th February 2022

Cyprus/Property

Cyprus in trouble over EU anti-money laundering directive

Amid the turmoil over corrupt procedures for granting Cyprus passports to foreign investors, the European Commission is now accusing the Republic of not complying with anti-money laundering directives. Cyprus has failed to

8th November 2020