EY Cyprus is pleased to share the latest Cyprus Tax Facts guide – in English – which provides a straight-forward, holistic summary of the Cyprus tax system, based on current legislation and tax practices, in relation to the fiscal year 2021.

The Mediterranean Hospital of Cyprus announced on Tuesday that it had vaccinated 100 doctors and personnel, and certified the vaccinations using the Cyprus-developed E-H Cert blockchain app.

The finance and labour ministries are working on revising the support schemes ahead of a new lockdown, expected to be announced on Friday as a means of further curbing the spread of coronavirus.

A total of 3,901 citizens were vaccinated against COVID-19 from December 27 until today, the health ministry announced on Wednesday.

The former municipal market in old Nicosia is to be refurbished at a cost of €4.92 million plus VAT and operate as a research and innovation centre. 

Total new loans recorded a decrease to €263.3 million in November 2020, compared with €281.4 million in the previous month, according to data released Tuesday by the Central Bank of Cyprus (CBC). The developments include contracts which were renegotiated.

Bounced cheques in the Cyprus Central Bank preliminary Information Register reached last year reached its lowest level since 2003 while for the first time their total value was under a million.

The Covid-19 case fatality risk in Cyprus was 0.6% on January 2, according to the National Surveillance Report released by the Ministry of Health on Tuesday.

Vaccinations for those aged of 80 began on Tuesday after vaccinations for the first priority group – healthcare workers dealing with coronavirus patients and nursing home workers and residents – successfully wrapped up on Monday, with the health ministry announcing that time-slots are already booked solid.

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.