Owners of property in Cyprus will be asked to pay less Immovable Property Tax this year as many more properties have been included the island’s Interior Minister Socratis Hasikos has stated.
Latest developments on the envisaged amendments to the Agreement between Cyprus and India for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to taxes on income and on capital.
US Vice President Joe Biden arrived in Cyprus on Wednesday to discuss the country's reunification efforts and its ability to tap gas deposits, which could turn the east Mediterranean island into a source of stability in a tumultuous region.
Casino licences should be expected by Spring 2015, the government said on Thursday, as legislation on the matter was scheduled to be ready at the end of the month.“We have completed the policy document and legislation is being prepared at this moment to be submitted to parliament by the end of May,” Tourism Minister Giorgos Lakkotrypis said.
The Finance Ministry said in a statement Friday that a prohibition on cashing checks as well as caps on domestic transactions and payments that don’t require central bank vetting have been removed.The Ministry of Finance announced new but not complete relaxation in the restrictions on capital movement.
Three casinos are set to operate on the island, under a single investor, members of the Coordinating Committee of Parties and Organisations of Paphos said after a meeting Monday with President of the Republic Nicos Anastasiades.
It is our pleasure to announce that Mr. Demetris Elephteriades, Leptos Group has been officially invited to Cyprus Embassy in Ukraine accompanied with President of Cyprus, Mr. Demetris Christofias to visit the New Premises in Kiev.