New business hours for Chelco Trustees
Limassol – In an effort to serve its clients, associates and vendors better and more efficiently, Chelco Trustees Ltd has changed its business hours. Effective Wednesday, 2 October 2019, its…
VAT on building land reduced to 5%
The Cyprus Council of Ministers decided earlier this month to reduce the VAT rate on building land from 19% to 5% in the form of a refund, under certain conditions.…
Thomas Cook bankruptcy leaves 15.000 tourists stranded in Cyprus
Nicosia - The bankruptcy of Thomas Cook, which accounts for 5% to 6% of total tourist arrivals to Cyprus, left 15.000 tourists stranded on the island. The world’s oldest travel firm, Thomas Cook, collapsed today,…
Tsielepis End of Summer Night Out
Limassol - Tsielepis staff and guests bid farewell to the summer holidays this year with a cruise along the Limassol coastline last Friday, 13 September 2019. The evening started with…
VAT Forum conference extends registration deadline
Brussels - The 20th International School on Indirect Taxation has extended its registration deadline until the 22nd of September. The conference will be held in Brussels, Belgium from 30 September…
Work–life balance. Say what?
Limassol – Managing Director of Chelco VAT, Alexis Tsielepis talks to Greek-language IN Business News media about his business and personal life, the economy, the first advice he ever gave…
July registers record number of tourist arrivals
Nicosia - July 2019 registered the highest volume of tourist arrivals ever recorded in Cyprus for the specific month. Tourist arrivals reached 550,971 in July 2019 compared to 539,626 in…
EU loses €150 billion in VAT revenues annually
Limassol - The European Union (EU) loses more than 150 billion in Value Added Tax (VAT) revenues every year, Tax Commissioner, Yiannis Tsangaris, revealed last week. Addressing the international 20th…
Limassol in top 100 cities for quality of living
Limassol has been ranked among the 100 best cities in the world to live in by Mercer’s latest Quality of Living ranking. It was ranked 86th from a total of…
FBME bank loses appeal against Cyprus
The Paris-based arbitration court of the International Chamber of Commerce on Tuesday ruled in favour of the Republic of Cyprus in an appeal filed against the country by the owners…