Cyprus tax reform aims to boost take-home pay from January

Three weeks into the rollout of the new tax system, the tax department has already identified a series of targeted adjustments aimed largely at easing the burden on natural persons, with the House of Representatives signalling it is ready to adopt the proposed changes.

Tax Commissioner Sotiris Markidis presented the suggested additions and clarifications to the Parliamentary Finance Committee, which approached them positively.

The additional fiscal cost resulting from the proposed...