tax

Cyprus tax news on income tax, VAT, reform, filing deadlines and enforcement, with reporting on changes affecting individuals, companies and public finances.

Economy

TAXISnet down due to technical problem

The online tax platform TAXISnet is temporarily out of service because of a technical problem, the Deputy Ministry of...
Economy

Cyprus presses EU to allow tax cuts below EU minimums

Cyprus will keep pressing the European Union for greater fiscal flexibility so that member states can cut taxes below...
Economy

Fuel tax cut could be extended to March, minister says

A proposal to extend the reduction in motor fuel tax rates, possibly until March 2027, will go before the...
Economy

Cyprus tax take climbs but infrastructure investment drops by 12.1%

Cyprus’s fiscal surplus rose to 1,609.7 million euros in the first nine months of 2026, equal to 4.0 per...
Economy

Venue owners resist receipt device after 1,200 tax checks

Tax Department officials have carried out 1,200 on-the-spot checks at entertainment venues in the six months since the tax...
Local

Tax Department expects revenue boost in 2027 from Tax For All system

Advanced implementation of the Tax Department’s new Tax For All (TFA) IT system and countrywide units across all tax...
Economy

Reforming tax justice through the Tax Tribunal

By the Nicosia Bar Association The effective functioning of a tax system depends not only on legislation and tax rates,...
Economy

Cyprus collects €50 million from multinational tax law Brussels wants changed

Cyprus has collected €50 million from multinational groups for the 2024 tax year under a minimum tax law that...
Economy

Watchdog finds 22 petrol stations did not pass on full tax cut

Twenty-two of the 290 petrol stations checked by the Consumer Protection Service did not pass on the full cut...
Economy

EU looks to make big businesses and polluters pay as budget talks hit a deadlock

European Council President António Costa is searching for new ways to fund the EU’s next long-term budget, as member...
Local

Parliament cuts heating oil tax by 6.39 cents a litre

Excise duty on heating oil will be cut by 6.39 cents a litre, including VAT, from midnight, after parliament...
Local

Volt presses for answers on Abramovich Cyprus tax claims

Volt on Wednesday questioned the progress of investigations into the alleged use of Cypriot companies and professional services by...
Economy

Heating oil excise to drop to EU minimum from Friday

Excise duty on heating oil is set to fall from 7.5 cents to 2.1 cents a litre from Friday,...
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