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Cypriot Investment Scheme
Repossession Property Yield Properties

Latest news

  • 15 July 2019 Larnaca new high rise tower projects

    In Larnaca, some 20 – 30 high-rise residential developments and hotels... read more

  • 27 June 2019 Home Saves homes but also sells them away

    On September 2, applications for the Home project will begin. Yesterday the... read more

  • 18 June 2019 Citizenship by Investment Property Fair in Beirut Lebanon

    On 13 and 14 June 2019 we took part, together with our legal team, in the... read more

  • 13 May 2019 Petrolina will move storage units by years end

    read more

  • 6 May 2019 Energy saving measures grant scheme

    There are opportunities for those living in Cyprus to the reduce their energy... read more

Cypriot Investment Scheme
Repossession Property Yield Properties

Latest news

  • 15 July 2019 Larnaca new high rise tower projects

    In Larnaca, some 20 – 30 high-rise residential developments and hotels... read more

  • 27 June 2019 Home Saves homes but also sells them away

    On September 2, applications for the Home project will begin. Yesterday the... read more

  • 18 June 2019 Citizenship by Investment Property Fair in Beirut Lebanon

    On 13 and 14 June 2019 we took part, together with our legal team, in the... read more

  • 13 May 2019 Petrolina will move storage units by years end

    read more

  • 6 May 2019 Energy saving measures grant scheme

    There are opportunities for those living in Cyprus to the reduce their energy... read more

Tax Cuts to be discussed in Parliament

Nicosia:The President Nikos Anastasiades announced last week that Parliament will discuss next Thursday, all investment facilitation incentives in Cyprus contained in the tax reform bills tabled a few days ago in Parliament and the Finance Ministry.  However, the Parliamentary Finance Committee decided to suspend the discussion of the provisions of the bills that need further discussion in September. As said yesterday the chairman of the House Finance Committee, Nicholas Papadopoulos, the incentives concerning tax relief for non-residents, incentives for non- payment of capital gains tax from the sale of property in some cases, discount terms to replace loans with new capital, and creation of the new widow's pension taxation system.

DISY MP Prodromos Prodromou said that some of the legislative proposals of the government need further consideration and where possible will continue the discussion after the end of the summer respite. He also said that the Finance Commission noted that "some tax changes already announced by the Government and that seems to find the consistent opinion of the House because it will encourage economic activity necessary to be voted now to not stick with uncertainty until October, which would be inhibitory rather to encourage economic activity. "

 
"It is time to decide to create long-term development structures that generate jobs and incomes and through this process to be the relative growth and revenue for the state," said parliamentary spokesman of AKEL Yiannos Lamaris.  

- See more at: http://www.philenews.com/el-gr/oikonomia-kypros/146/265885/stin-olomeleia-oi-forologikes-elafrynseis#sthash.Nw2kl1XQ.dpuf