Cyprus travel expo attracts more than 10,000 visitors
The 25th edition of the Travel Expo Cyprus welcomed over 10,000 visitors at the Cyprus state fair grounds.
WHO
Arsenal hammer Chelsea to move three points clear at the top
Arsenal defeated Chelsea 5-0 in a Premier League match, with Leandro Trossard, Ben White, and Kai Havertz scoring two goals each. Arsenal is now three points clear at the top of the table with 77 points from 34 games.
The value of Cyprus, ’ green ‘trailblazers’
Fact: Cyprus was the first country in the world to take timber production off its list of objectives for the national forests in the mid-1980s.
Perpetrators of daylight shooting in Nicosia still at large, police under fire
A man was shot while riding his motorbike in the Anthoupolis area in Nicosia. He is in critical condition with wounds from three bullets. The victim is reportedly a member of the gang of criminal Alexis Mavromichalis. The shooter was a passenger on a second motorbike, and a third person is being investigated. The victim had visited an individual being held at the Lakatamia police station before the shooting. Police are investigating threats made by the victim to establish a motive for the attack. The perpetrators of the shooting waited in ambush near the police station. The victim was found on the ground in a pool of blood with three bullet casings nearby.
Paphos police arrest man for possession of knife, burglary tools
Fact: Paphos police arrested a 35-year-old man for illegal possession of burglary tools and a knife.
Our View: 20 years on, rejection of Annan plan does not seem like a triumph
Fact: The Turkish Cypriot press reported that there are 213 mosques and 240 people working at the ‘directorate of religious affairs’ in the occupied area, with 120 of them being imams.
MEPs complain can, ’t be in two places at once
Cypriot MEP candidates will officially submit their candidacies on Wednesday. The interior ministry was criticized for scheduling the submissions on the same day as the last session of the EU parliament. The far-right gaining ground in the EU parliament is a growing concern. The session will also celebrate the 20 years since Cyprus and other countries were greenlighted to enter the EU in 2004.
Cellnet Limited vs KRA: A triumph for tax justice
On February 2, 2024, the Tax Appeals Tribunal rendered a significant judgment in appeal No.1514 of 2022, involving Cellnet Ltd and the Kenya Revenue Authority (KRA). The Tribunal set aside 60.8 percent of KRA’s assessment of Sh12.98 million related to value-added tax, allowing only Sh5.08 million. The Tribunal found that KRA had conducted an assessment on Cellnet Ltd for a period exceeding five years, which was in violation of the Tax Procedures Act. Cellnet Ltd did not challenge this aspect of the assessment, but the Tribunal raised the issue suo moto, highlighting the importance of upholding tax justice.
Changes to capital-gains tax may prompt doctors to quit, CMA warns
Doctors in Canada are concerned about the federal government’s proposed increases to capital-gains taxes, which could have a significant financial impact on them. The changes will affect physicians who operate their practices through medical professional corporations, as they will be taxed at a higher rate on capital gains. The Canadian Medical Association conducted a survey in 2021 that found a deterioration of doctors’ mental health during the pandemic, with 47% describing themselves as “flourishing” that year, down from 63% in 2017.
Taxes should not wag the tail of the investment dog, but that’s what Trudeau wants
The Canadian federal budget includes a proposal to increase the capital gains inclusion rate to 66.7% from 50% for dispositions effective after June 24, 2024.