Cabinet widens tax exemption for innovation

The Cabinet has approved a bill which amends the income tax law for existing tax exemption for investments in small to medium innovation companies and extends to cover corporate investors. According to

Business in turmoil over corporate tax hike

Business is in turmoil over the government’s move to increase corporate tax from 12.5% to 15%, fearing Cyprus losing an advantage over competitors as an investment destination. Business lobby groups argue the

Empty land should be taxed

For the past 15 years, I have expressed views on the need to tax vacant building plots and development land which is not in any use. Approximately 40% of the development land

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Cyprus to reform corporate tax

Next year, Cyprus will proceed with tax reforms, including increasing corporate income tax and introducing green taxation to achieve its environmental targets, Finance Minister Constantinos Petrides said. Speaking before the Parliament’s plenary

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