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INCREASE IN THE CORPORATE TAX RATE

May 8, 2013
With effect from 1 January 2013 the corporate tax rate has been increased from 10% to 12,5%. Transfer and carry forward of tax losses by credit institutions With effect from...

CASH RESTRICTIONS MEASURES

Mar 28, 2013
The Minister of Finance, in exercise of the powers conferred by Articles 4 and 5 of the restrictive measures in trade in Case of Emergency Act of 2013, upon the recommendation of...

UPDATE ON THE CYPRUS ECONOMY

Mar 26, 2013
Cyprus reached a €10bn bailout deal with international lenders on Monday (25/03/2013) morning. The deal avoids a levy on bank accounts but will force large losses on big deposits in the island’s two...

THE CYPRUS PARLIAMENT REJECTED THE DEAL OF DEPOSIT TAX

Mar 20, 2013
The decision of the Cyprus Parliament to reject the bailout deal on Tuesday night has proven the trustworthiness of Cyprus as a major financial center sending out the signal that...