Cyprus maintained a positive fiscal position during the first five months of 2026, as increased tax income, particularly from VAT, helped offset higher government...
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,...
Record expectations overturned by regional crisis
The regional geopolitical crisis has reversed the positive outlook with which the tourism sector entered 2026, leading to significant...
