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Taxes in Cyprus are levied by both the central and local governments. Tax revenue stood at 39.2% of GDP in 2012. [1] The most important revenue sources are the income tax, social security, value-added tax and corporate tax, and are all collected by the central government. Income tax is levied on a progressive rate.
The tax percentage for each country listed in the source has been added to the chart. According to World Bank , "GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products.
The following is a list of Cypriot billionaires, based on an annual assessment of wealth and assets published by Forbes every April. [2] The vast majority of Cypriot billionaires are not native Cypriots, but are foreign billionaires who acquired Cypriot citizenship (either through the now-defunct Cyprus Investment Program or otherwise) to take advantage of the country's tax laws.
Minister Began Ended Reginos Theocharis []: 16 August 1960 1 July 1962 Renos Solomides []: 2 July 1962 23 June 1968 Andreas Patsalides []: 24 June 1968 31 October 1979
The Constitution of the Republic of Cyprus was a given one, worked out by a composite constitutional committee. Though it safeguards the fundamental freedoms and rights of the citizens, at the same time it comprises divisive elements that from the very outset acted as an impediment to the smooth course and development of the State.
The Cyprus Securities and Exchange Commission, (Greek: Επιτροπή Κεφαλαιαγοράς) better known as CySEC, is the financial regulatory agency of Cyprus. As an EU member state , CySEC's financial regulations and operations comply with the European MiFID financial harmonization law.
On 25 March, Cyprus President Anastasiades, Eurozone finance ministers, and IMF officials announced a new plan to preserve all insured deposits of 100,000 Euros or less without a levy, but shut down Laiki Bank, levying all uninsured deposits there, and levying 47.5% of uninsured deposits in Bank of Cyprus, held mostly by wealthy Russians and ...
Christodoulides government The Christodoulides government is the government of Cyprus , forming the Council of Ministers. Sworn in on 1 March 2023, it consists of members from various political parties and independent technocrats.
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