Government unveils €196 mln relief package

The government unveiled a comprehensive €196 mln package of measures, including fuel subsidies, to alleviate the financial burdens of the rising cost of living. The 17-measure package, including the reinstatement of an

Green tax on petrol prices

No relief for motorists is in sight from hiking petrol prices, as the government is contemplating new fuel taxes as part of a green taxation reform imposed by the European Union. The

Tax on interest income slashed

The government decided to slash taxation on interest income from 30% to 17%, Finance Minister Makis Keravnos said, hoping banks will follow suit in boosting revenue for depositors. During the 2013 financial

No fallout from Russia Tax Agreement axe

Cyprus is not expected to face any further consequences following the decree signed by Russian President Vladimir Putin for suspending certain provisions of international taxation agreements, said the Finance Ministry. A statement


Fuel tax freeze coming to an end

Cypriots will see energy costs rise overnight when a freeze on consumer tax on fuel and a government subsidy on electricity bills expire at the end of June. The relief measures introduced

Tax returns submitted through old system

The online tax statement platform Taxisnet will be open to receive individual and corporate income tax statements for the year 2022 in the coming weeks, according to the Tax Department. Although the

Fuel tax subsidy halved from May

The government has decided to continue subsidising fuel prices at the pumps by extending a reduction on consumption tax for another two months. The Finance Ministry announced on Wednesday that the government

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