Calls for transparency on First Lady, ’s social support fund
Fact: MPs called for more transparency over the social support fund managed by the First Lady during a House ethics committee meeting.
transparency
Minister sets sights on boosting agriculture, ’s share in Cypriot GDP
Fact: Agriculture Minister Maria Panayiotou stated that the ministry’s goal is to increase the sector’s contribution to the country’s GDP, enhance sustainability, and promote Cypriot products in new markets.
Federal Tax Authority: EmaraTax smart tax services application is a landmark step towards enhancing quality of the Authority’s services
The EmaraTax application offers users 35 digital services to streamline and expedite tax procedures, including 15 smart services for Corporate Tax compliance. The app is continuously upgraded to align with the development and expansion of the FTA’s services.
How businesses are turning ESG into a competitive advantage
Businesses have the power and responsibility to tackle big issues like climate change, inequality, and social injustice.
Laudable progress in direct taxes but scope for betterment remains
The Indian middle class may be disappointed with the Narendra Modi-led government’s lack of adjustments to tax rates and slabs. Personal tax collections have increased significantly, with the share of personal tax in overall collections rising from 38% to 52% in the last decade. Efforts have been made to improve tax compliance through technology and widening the tax base. Corporate tax collections have not grown as much as personal taxes, indicating room for improvement in the tax system.
Larnaca mayor Vyras kicks off re-election campaign
Andreas Vyras kicked off his re-election campaign for Larnaca mayor with a video on YouTube.
Bank of Cyprus: currency conversion in the eFx convert era
Fact: Bank of Cyprus has introduced a new service called eFx convert, which allows customers to carry out currency conversion transactions instantly using real-time exchange rates with no additional charges.
The Corporate Transparency Act’s Impact On Charities and Tax-Exempt Entities (Updated) | JD Supra
Fact: The Corporate Transparency Act (CTA) became effective on January 1, 2024, with the goal of reducing money laundering and financial crimes by requiring businesses operating in the United States to report ownership and control information. Charities and tax-exempt entities are exempt from CTA reporting requirements.
‘Akamas debacle will cost Cyprus dearly’
MPs pressured Agriculture Minister Maria Panayiotou to reveal information about the investigation on the Akamas road works. Auditor General Odysseas Michaelides requested the report last year to investigate irregularities in the road works. The government has not handed over the investigation to Michaelides, who aims to determine irreversible damages to Akamas and hold responsible parties accountable. The contractor chosen by the government is expected to make claims for delays that he caused. The government’s priority is to protect Akamas’ natural wealth and ensure projects have minimal impact on the environment. MPs raised concerns about the lack of transparency regarding the cause of the damage and who will be held accountable.
President Biden’s FY 2025 Budget Proposal: Details & Analysis
President Biden’s FY 2025 budget proposes tax hikes on businesses and high earners, amounting to a gross tax hike of over .1 trillion.