THE TAX CUTS on immovable property that are being proposed by the government were examined by the Finance Committee and Internal Affairs committee on Thursday, amidst intense reactions from various municipalities and political parties, according to in-Cyprus.
Under the new tax framework, there...
THE LARGE village community of Kiti is set to have its own marina in the Softades beach area, with the major project potentially offering an economic boost to both the village and Larnaca as a whole.
The proposed marina will be located on the Softades coast, which is situated between...
CYPRUS Council of Ministers approved on Wednesday the reduction of the Immovable Property Tax rate by 50% and abolished the Immovable Property Tax collected by municipalities and communities.
“Today we made another important step towards tax reform and reducing the tax burden for households and...
THE INSOLVENCY SERVICE announced Friday the issuance of the first five debt relief orders, for loans up to €25,000.
The District Court of Limassol issued the first five decisions from a total of 40 applications filed last week by the Insolvency Service to the court. The average amount per case was...
BANK of Cyprus, the island’s largest lender, said that it will foreclose ten properties worth over €2.3m, which will test for the first time the new legislative framework on foreclosures.
The lender, which placed advertisements in the daily press including the Cyprus Mail, said that it will...
