Turkish Cypriots decry earthquake tax

Trade unions and opposition parties in the Turkish-occupied north are in uproar after the ruling coalition intends to levy a year-long tax on salaries for earthquake support to Turkey. Reacting to the

Freeze on fuel tax to be extended

As fuel prices start to rise after reaching their lowest ebb for a year, the outgoing government is considering extending a freeze on consumer tax at the pumps. In comments to Omega

Cyprus has largest tax-to-GDP rise

Cyprus had the largest rise in the EU in its tax-to-GDP ratio, meaning the sum of taxes and net social contributions as a percentage of gross domestic product, according to Eurostat data.


AKEL wants 90% windfall tax on RES profits

Main opposition party AKEL has tabled two bills targeting excess profits with a whopping 90% windfall tax on energy producers working with Renewable Energy Sources. The bills tabled by the left-wing party

Reduced tax on fuel extended

The government has extended reduced excise duties on fuel until 15 January 2023 in a bid to alleviate the effects of soaring inflation driven by the war in Ukraine. Finance Minister Constantinos


Pay as you throw coming soon

In two years, municipal authorities must implement a “pay as you throw” tax scheme on waste, promoted by the government to meet its EU environmental targets by encouraging more recycling. MPs on