Tag: vat

Where did the 23.8-cent petrol price increase come from?

The petrol price increase of 23.8 cents per litre was driven more by refining and distribution costs than crude oil, according to the Fiscal Council.

Fuel prices set to rise as more consumers turn to occupied areas for cheaper fuel

Fuel prices are expected to increase further in the coming days, with petrol station operators and consumer representatives raising concerns over the growing cost...

Tax reform revenues rise 5.7% to €4.47bn

State tax receipts reached €4.47 billion in the first seven months of 2026, up from €4.23 billion during the same period last year, providing...

Public finances record €552.9M surplus in five months

Cyprus maintained a positive fiscal position during the first five months of 2026, as increased tax income, particularly from VAT, helped offset higher government...

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

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

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Global Microsoft outage disrupts emails and AI services

A major global Microsoft outage has caused problems, or...

Cyprus MPs across party lines back plans for new parliament building

MPs from all political parties have agreed on the...

Famagusta district set to open its first public dog park

Famagusta district's first public dog park is expected to...

Limassol man jailed for threatening mother with scissors

A 24-year-old man has been sentenced to 12 months...
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