LICENSED ESTATE AGENTS NO: 184/E

Monthly Archives: August 2015

Cyprus is the 5th safest country to live in!

Cyprus and the other 4 countries that made the top have an average 47.62% lower safety score than other countries that participate in the study. Switzerland, Singapore, Spain, Japan and Cyprus scored the best results out of 7 data categories ( CO2 emissions, life expectancy, national police personnel, traffic deaths, thefts and assaults, number per

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Bank of Cyprus & other Cyprus Banks secure and back in Business

posted by: Michael Thomaides in Economy

BANK OF CYPRUS & other Cyprus Banks secure and back in Business. Bank of Cyprus announced EUR29 million net profit for the quarter ended 31 March 2015 Bank of Cyprus Group announced €29 million after tax profit for the quarter ended 31 March 2015, compared to a loss of €337 million for the fourth quarter

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Specific Tax Changes

posted by: Michael Thomaides in Economy

SPECIFIC TAX CHANGES Property Capital Gains Tax exemption Gain on a future sale of a Cyprus situated property (land or buildings) will be completely exempted from the 20% capital gains tax if such property is purchased between the date the law comes into effect and 31 December 2016. Land registry (Transfer) fees reduced For properties

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Changes to the Cyprus Tax System

posted by: Michael Thomaides in Economy

Important Changes to the Cyprus Tax System To improve and simplify the Cyprus tax system as well as to remain a highly compliant and attractive jurisdiction, various new bills have been passed into new laws by the House of Representatives on 9 July 2015. The new tax related law amendments and deferred bills mainly aim

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