Tag: tax reform

Tax reform expands relief, allowing deductions of up to €3,000

Cyprus taxpayers gain substantial income tax deductions under new January 2026 legislation, claiming up to €3,000 annually across housing costs, energy-efficient home improvements, and...

Basic pensions increase announced – Rise 3.38% from January

Pensioners will receive a slight boost at month-end, with the basic portion of Social Insurance Fund (SIF) pensions rising 3.38% from 1 January 2026,...

Tax reform approved – Non-taxable threshold to €22,000

Parliament plenary approved the tax reform, voting five of six executive bills as amended by the House Finance and Budget Committee. Also approved: majority parties'...

Parties reach broad agreement on Cyprus tax reform package

Political parties appear close to finalising Cyprus’ tax reform package after intensive behind-the-scenes negotiations, with the House finance committee continuing closed-door discussions on Wednesday....

Cyprus tax reform open to evidence-based suggestions

Finance Minister Makis Keravnos told the House Finance Committee on Monday that the government welcomes well-documented proposals on the Cyprus tax reform package provided...

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