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Cypriot Investment Scheme
Repossession Property Yield Properties

Latest news

  • 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

  • 30 April 2019 KPMG Sales of many properties over 1 million

    The exogenous demand for luxury properties, particularly in Limassol, is... read more

  • 22 April 2019 Cyprus real estate investment Prospects and Risks

    The figures, trends and the state of the Cyprus real estate market over the... read more

  • 19 April 2019 Solution for trapped buyers edging closer

    Amendments to the law designed to resolve the Title Deed mess by enabling... read more

Cypriot Investment Scheme
Repossession Property Yield Properties

Latest news

  • 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

  • 30 April 2019 KPMG Sales of many properties over 1 million

    The exogenous demand for luxury properties, particularly in Limassol, is... read more

  • 22 April 2019 Cyprus real estate investment Prospects and Risks

    The figures, trends and the state of the Cyprus real estate market over the... read more

  • 19 April 2019 Solution for trapped buyers edging closer

    Amendments to the law designed to resolve the Title Deed mess by enabling... 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