Economy

VAT audit Cyprus report raises concerns over tax controls

Audit Office highlights weaknesses in VAT inspections Cyprus' Audit Office has identified significant weaknesses in the Tax Department's VAT audit system, citing delays in investigations,...

Fuel tax reduction extended for another two months

The Cyprus Cabinet has decided to continue the tax reduction on motor fuel for another two months, extending the measure from 1 July until...

Brexit economic impact clearer ten years after referendum

A decade on, economists see a clearer picture Ten years after the United Kingdom voted to leave the European Union, the economic consequences of Brexit...

VAT strategy: Hidden cost of digital transformation

Digital transformation has moved beyond being a matter of choice and has become a business necessity. Companies of all sizes are investing in artificial...

Minds in Cyprus: British interest in returning to Cyprus

The Minds in Cyprus initiative returned to the United Kingdom a year after its initial launch in London by President of the Republic Nikos...