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Cypriot Investment Scheme
Repossession Property Yield Properties

Latest news

  • 20 January 2020 Solution found for Evicted Tenants

    Malicious tenants save time when faced with eviction. read more

  • 15 January 2020 US Acceleration of visa liberalization for Cypriots

    Accelerating efforts to include Cyprus on the list of countries whose... read more

  • 13 December 2019 A dream is coming true

    A beachfront with an area of 3.5 kilometres will be released from oil tanks. read more

  • 9 December 2019 Villas for rooftops in Cyprus up to twenty six million euro

    Expensive homes and apartments for sale in Cyprus are growing and populating.... read more

  • 29 November 2019 Νέα Πολιτική Αδειοδότησης

    Υφιστάμενη κατάσταση read more

Cypriot Investment Scheme
Repossession Property Yield Properties

Latest news

  • 20 January 2020 Solution found for Evicted Tenants

    Malicious tenants save time when faced with eviction. read more

  • 15 January 2020 US Acceleration of visa liberalization for Cypriots

    Accelerating efforts to include Cyprus on the list of countries whose... read more

  • 13 December 2019 A dream is coming true

    A beachfront with an area of 3.5 kilometres will be released from oil tanks. read more

  • 9 December 2019 Villas for rooftops in Cyprus up to twenty six million euro

    Expensive homes and apartments for sale in Cyprus are growing and populating.... read more

  • 29 November 2019 Νέα Πολιτική Αδειοδότησης

    Υφιστάμενη κατάσταση 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