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Cyprus economy expected to grow 2,2% in 2016

  • Post author:webmasterhere
  • Post published:May 17, 2016
  • Post category:News
  • Post comments:0 Comments

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)…

Continue ReadingCyprus economy expected to grow 2,2% in 2016

Cyprus achieves €147.2ml fiscal surplus in Q1

  • Post author:webmasterhere
  • Post published:May 12, 2016
  • Post category:News
  • Post comments:0 Comments

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…

Continue ReadingCyprus achieves €147.2ml fiscal surplus in Q1

Cyprus-Bahrain DTT enters into force

  • Post author:webmasterhere
  • Post published:May 11, 2016
  • Post category:News
  • Post comments:0 Comments

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…

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Notional Interest Deduction allowance

  • Post author:webmasterhere
  • Post published:May 5, 2016
  • Post category:News
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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…

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BoC posts first quarter profits

  • Post author:webmasterhere
  • Post published:May 5, 2016
  • Post category:News
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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…

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Cyprus imposes fee on tax rulings

  • Post author:webmasterhere
  • Post published:April 26, 2016
  • Post category:News
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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…

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Barclays closes its offices in Cyprus

  • Post author:webmasterhere
  • Post published:April 22, 2016
  • Post category:News
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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…

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Cyprus’ Public Debt to Drop Below 100% in 2016

  • Post author:webmasterhere
  • Post published:April 8, 2016
  • Post category:News
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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…

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Cyprus – Switzerland DTT enters into force

  • Post author:webmasterhere
  • Post published:November 6, 2015
  • Post category:News
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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…

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High marks for Cyprus in OECD tax compliance report

  • Post author:webmasterhere
  • Post published:November 3, 2015
  • Post category:News
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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…

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