Tag: vat

End of “free” Temu and Shein parcels – How new charges are calculated

Cyprus June 22, 2026 at 12:14

The EU online shopping tax landscape is set to change significantly, as a new European Commission regulation introduces a temporary €3 customs duty per...

New customs rules for parcels, VAT and online returns

Cyprus June 15, 2026 at 10:04

New customs rules for products purchased from countries outside the European Union will come into force on 1 July 2026 across all EU Member...

Audit Office: ‘Black funds’, lost revenue and untaxed performers

Economy October 21, 2025 at 11:43

An Audit Office report has revealed serious weaknesses in the tax supervision of entertainment venues in Larnaca’s Mackenzie Beach area, highlighting a web of...

Tax revenues in occupied areas of Cyprus rise nearly 57%

Economy August 19, 2025 at 14:55

The Turkish-occupied areas of Cyprus reported a steep rise in fiscal income, with “tax revenues” increasing by almost 57% in the first half of...

€700 million fraud uncovered in Piraeus port operation

Economy July 3, 2025 at 08:43

A massive €700 million fraud operation centred around the port of Piraeus has been uncovered following a major cross-border investigation led by the European...

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