Income tax return deadline extended
Nicosia - The Council of Ministers decided last week to extend the deadline for the submission of income tax declarations by individuals for the tax year 2021 to the end…
June tourist arrivals in Cyprus rise by over a 100%
Nicosia - The arrivals of tourists in Cyprus reached 372,324 in June 2022 compared to 184.159 in June 2021, recording an increase of 102.2%, according to data published by the…
Lebanese banks end operations in Cyprus
Nicosia - Lebanese banks are closing their branches in Cyprus, following a decision by the Lebanon Central Bank, according to a report by the Cyprus News Agency (CNA) released earlier…
Cyprus to offer tax incentives to promote headquartering
Nicosia - The Cypriot government approved yesterday a bill with tax incentives aiming to attract talent and promote headquartering in Cyprus, in line with the Strategy for Attracting Businesses for…
Chelco Trustees launches all-new website
Limassol – Chelco Trustees Ltd has just released its all-new website at www.chelcotrustees.com. The Chelco Trustees website was redesigned and rebranded from the ground up. The website is easier to…
All I know is that I know nothing
Our own, Alexis Tsielepis, is widely considered as the foremost expert on Value Added Tax (VAT) in Cyprus with over 15 years of experience in the field. When he says…
RCB Bank shifts from banking to asset management
Limassol – RCB Bank announced last week that it will cease operating as a bank and would become an asset management company. The bank cited the “ongoing and extremely volatile geopolitical situation”…
Cyprus economy to suffer by sanctions on Russia
Cyprus’ GDP could be affected by between 1.5-2% during 2022 if Cypriot airspace remains closed to Russia for the entirety of 2022, rating agency DBRS Morningstar reported yesterday. “DBRS Morningstar…