Cyprus Plans to Hike Corporate Tax Rate to 15% From 12.5%

Cyprus plans to lift its corporate tax rate to 15% from 12.5% as part of moves to reform the country’s tax framework, President Nikos Christodoulides tells reporters in Nicosia.

• Christodoulides also says:
  • Tax reforms aim to produce productivity and to address the needs of households and businesses
  • Cyprus to extend an increase in tax-free income for individuals and tax breaks and to support housing

To contact the reporter on this story:
Georgios Georgiou in Nicosia at ggeorgiou5@bloomberg.net

To contact the editors responsible for this story:
Sotiris Nikas at snikas@bloomberg.net

Paul Tugwell

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