Invest Cyprus recently spotlighted Cyprus’ potential as a major business hub at the prestigious Island Conference and Reflect Festival held in Limassol, both of which took place on May 30-31, with the agency outlining its actions in an announcement released this week. Reflect Festival attracted a vibrant mix of digital marketers, startup enthusiasts, potential investors, … Read more
Gold traders and investors expected the European Central Bank to cut interest rates by 25 basis points for the first time since 2019 in its meeting on Thursday, making it the first reversal in the bank’s hawkish monetary policy in five years. The Euro and the equities markets in Europe had already priced a major chunk of … Read more
reuters_tickers This content was published on June 6, 2024 – 17:58 ST PETERSBURG (Reuters) – The prospect of raising Russia’s corporate taxes was criticised by officials at last year’s St Petersburg economic forum as a counterproductive move that would suppress investment. This year, those same officials have changed their tune.The government approved tax hikes last … Read more
Silver recovered further to $30.60 in Thursday’s Asian trading. The white metal discovers strong buying interest, as normalising US labour market conditions boost speculation that the Federal Reserve will start reducing interest rates in the September meeting. The CME FedWatch tool shows that traders see a 68% chance for rate cuts in September. The probability … Read more
Lowering corporate taxes and royalties for companies extracting minerals needed for cleaner technologies would spur investment and enrich public coffers, the world’s largest mining business group argued in a new report.The International Council on Mining and Metals’ report, released Wednesday, said lower rates would increase economic activity and long-term tax revenue in developed critical-minerals jurisdictions … Read more
Cabinet on Wednesday decided to revoke the Cypriot citizenship of Malaysian-born Jho Low, an internationally wanted fugitive.Though the decision was taken last year, Low filed an appeal prompting an independent committee to re-examine the case. Government sources told the Cyprus Mail the committee decided to reject the appeal, prompting the interior minister to put the … Read more
Ask Wire, a Cypriot firm, successfully completed an equity extension round to support its expansion into key European markets, particularly Greece and Romania. The majority of the funding was provided by existing investors, with significant participation from Lars Rasmussen, co-founder of Google Maps. Additional investment came from high-net-worth individuals in Greece and Romania, as well as Founders Bridge, a Stockholm-based venture capital fund. Ask Wire’s platform provides property profiles, market analysis, and risk assessments using data from various sources.
The Cyprus Research and Innovation Foundation (RIF) supports startups and scaleups that have introduced innovative products and services, secured funding from business angels and venture capital firms, and expanded their reach internationally.
Fact: Former House Ways and Means Committee Chairman Kevin Brady cautioned lawmakers against raising the corporate tax rate, stating that it works against incentives, driving economy, and driving investment.
NRIs need to pay tax on income that arises in India for the financial year of 2023, which runs from April 1, 2022, to March 31, 2023.