Tag: tax reform

Electronic rent payments mandatory from July 2026

The Cyprus Tax Department has reminded the public that rent payments for properties in Cyprus must be made exclusively through electronic payment methods from...

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....

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Share offer for new co-operative bank begins on 22 July

The sale of shares in the Pancyprian Co-operative Society...

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