PROPERTY evaluations in relation to bank loans and the new property tax have caused a whirlwind of reaction from MPs who yesterday claimed that banks and the Land Registry both manipulate the value of real estate to serve their own interests.
According to MPs, banks underestimate the value of real...
IN A LETTER to the House Finance Committee and political parties, Aristodemou claimed that the way the legislation was implemented “created serious distortions among taxpayers”.
He also said that the government agreed with the Troika to collect €130 million from property tax and noted that the...
CYPRIOT Central Bank governor Panicos Demetriades, whose testy relations with island’s government dogged a tumultuous tenure when Cyprus teetered on the brink of bankruptcy, resigned on Monday.
Demetriades’s resignation was accepted by President Nicos Anastasiades, an official statement from the...
A FORMER Interior Minister had granted an exemption to a developer to build a large-scale project near the island’s biggest reservoir, putting the water supply at risk of contamination, the House Environment Committee heard on Friday.
The committee also heard that the Attorney-General would be...
ACCORDING to a report in today’s Phileleftheros, government policy on Immovable Property Tax (IPT) remains unchanged, i.e. it will be imposed on a property’s 2013 value, as required in the MoU between the government and the troika of international lenders.
However, Inland Revenue officials have...
