Article 8 (21) provides that the tax exemption of €8.550 and 20% (whichever is the lower) of the remuneration from any employment exercised in Cyprus by an individual who was resident outside Cyprus the tax year before the year of commencement of employment in Cyprus is exempt from income tax.

Monday’s groundbreaking ceremony of US-funded CYCLOPS, the Cyprus Centre for Land, Open-Seas and Port Security is the realisation of stronger bilateral relations between Nicosia and Washington.

Cyprus is the EU country where the fewest people live in overcrowded homes, while many live in dwellings considered too large for them, Eurostat announced on Tuesday.

Deposits in the Cypriot banking system registered a net increase of €191 million in November rising to €48 billion according to data released by the Central Bank of Cyprus.

The Ministry of Agriculture has offered the ‘Green Harvest’ in grapevines incentive with a budget of €1.6 million in a bid to boost the island’s wine sector.

The Cyprus Institute of Neurology and Genetics (CING) is carrying out further tests on samples to determine whether the new coronavirus strain has spread in the community. The results of these tests are expected to be ready tomorrow the latest.

Wizz Air’s new joint venture in Abu Dhabi will shortly begin direct flights to Larnaca

Cyprus’ external trade deficit dipped by 12.3% year on year in January – September 2020 reflecting the impact of the coronavirus pandemic both on Cyprus’ imports and exports.

Important changes came in effect as of January 1 on the way mail can be sent overseas, Cyprus Post has announced.

The health ministry on Thursday published an update from the European Medicines Agency (EMA), the body in charge of the evaluation of medicinal products, on the AstraZeneca Covid-19 vaccine, one of the vaccines Cyprus has ordered to combat the spread of the virus.