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The Minister of Finance, Harris Georgiades, welcomed another important step towards tax reform, in announcing what is essentially a tax cut in property taxes for households and businesses. Speaking after the Minister’s Council on Wednesday, Georgiades said that EU regulations stipulate that a 19% VAT for...

42% Increase in Property Sales

Property sales in Cyprus increased by 42 per cent in June 2016 as compared to the same period last year, according to official statistics published by the Department of Lands and Surveys. The 42% increase in June follows a 17% increase in May and a 35% increase in April,...