Nicosia - The Cyprus economy is expected to grow by 2,2% in 2016 and record a stable GDP growth of 2,5% until 2019, the government’s 2017-2019 Fiscal Policy Framework (FPF)…

Nicosia - The Cyprus government generated a fiscal surplus on a cash basis of €147.2 ml in the first quarter of 2016 after posting a fiscal deficit of €19 ml…

Nicosia - The Double Tax Treaty (DTT) between Cyprus and Bahrain was entered into force, the Cyprus Ministry of Finance has announced. The treaty, signed 9 March 2015, was activated…

Nicosia - The Cyprus Tax Department has announced the interest rates to be used for the Notional Interest Deduction (NID) allowance for the tax year 2016. The Tax Department issued…

Nicosia - The Bank of Cyprus (BoC) has announced it will post a net profit of €50 ml for the first quarter of 2016. “The strong momentum in the Bank’s…

Nicosia - Cyprus has introduced a €1.000 fee on tax rulings, effective immediately. The Cypriot Cabinet issued last week Decree No.130/2016 relating to the tax rulings issued by the Commissioner…

Nicosia - Barclays PLC (“Barclays”) has announced it intends to close its offices in Cyprus, in the context of a strategic restructuring and simplification of the Group. “Barclays PLC today…

Brussels - The European Commission sees the public debt of Cyprus dropping below 100% of GDP in 2016, Commission Vice President Valdis Dombrovskis has told the Cyprus News Agency in…

Nicosia - The Double Tax Treaty (DTT) signed between Cyprus and Switzerland on 25 July 2014 was entered into force on 15 October 2015 with the treaty provisions with respect…

Paris - Cyprus was recently awarded a tax compliance rating of ‘largely compliant,’ the same as the US, Italy, Malta, Netherlands, Germany, Singapore and the UK. The favourable rating was…