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Cypriot Investment Scheme
Repossession Property Yield Properties

Latest news

  • 28 May 2020 Coronavirus Anastasiades outlines millions to be pumped into the economy updated

    Fortunately, the government is proceeding with helpful measures in order for... read more

  • 26 May 2020 The elite are snapping up pandemic passports so they can escape to safer countries

    Millionaires are looking to escape to a safe country with good medical... read more

  • 14 May 2020 CASINO RESORT Construction work resumes

    Construction work on the City of Dreams Mediterranean casino will resume on... read more

  • 11 May 2020 KEVE All the details of the business and employee support measures

    To deal with the effects of the crisis on the coronaire after their approval... read more

  • 13 March 2020 THE RECONSTRUCTION PLAN OF THE LARNACA MARINA

    The Larnaca Port & Marina Master Plan will become a great resource for the... read more

Cypriot Investment Scheme
Repossession Property Yield Properties

Latest news

  • 28 May 2020 Coronavirus Anastasiades outlines millions to be pumped into the economy updated

    Fortunately, the government is proceeding with helpful measures in order for... read more

  • 26 May 2020 The elite are snapping up pandemic passports so they can escape to safer countries

    Millionaires are looking to escape to a safe country with good medical... read more

  • 14 May 2020 CASINO RESORT Construction work resumes

    Construction work on the City of Dreams Mediterranean casino will resume on... read more

  • 11 May 2020 KEVE All the details of the business and employee support measures

    To deal with the effects of the crisis on the coronaire after their approval... read more

  • 13 March 2020 THE RECONSTRUCTION PLAN OF THE LARNACA MARINA

    The Larnaca Port & Marina Master Plan will become a great resource for the... 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