Hundreds of medical professionals are being thoroughly investigated to identify cases of tax evasion. The Ministry of Finance has requested that all the records of doctors and other medical professionals to be made available to them from the Ministry of Health. The Department of Inland revenue will match the records with individuals who are registered […]
Cyprus parliament approves tax on bank deposits
Cyprus’s parliament on Thursday passed legislation imposing a 0.095 percent tax on deposits of banking institutions, saying part of it would help create a financial stability fund.
5% VAT on Food and Medicine starting today
The Ministry of Finance has announced that a 5% Value Added Tax (VAT) has been imposed on all food and beverages.
Boycott the food market this Monday
The Cyprus Green Party with the support of the Cyprus Consumer Association and Quality of Life invites consumers to boycott food markets on Monday 10 January.
New VAT rates from 10th January
From 10th January VAT at 5% will be charged on food and medicine with the exception of alcoholic beverages which will remain at 15%.