appointment

Keep your receipts for income tax

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Keep your receipts for income tax

Efforts are being made worldwide to reduce tax evasion. In Cyprus, there is a proposal to deduct a percentage of expenses up to €50,000 per year for income tax purposes. This may benefit higher earners more than low-income owners. Failure to provide receipts for expenses contributes to tax evasion. Various sectors, such as healthcare, construction, and real estate, are involved in undeclared payments. The issue extends to the catering and leisure sector, with examples of large amounts of undeclared money being spent. The state loses revenue due to tax evasion, and efforts are being made to encourage card payments to combat this issue.

Our View: President, ’s police appointment law did not even merit discussion

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Our View: President, ’s police appointment law did not even merit discussion

The House plenum unanimously rejected a law that would give the chief of police the power to appoint specialist members of the force without following normal hiring procedures.

UAE tourist arrivals to Cyprus increase , — ministry sees potential in Middle East and Asia

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UAE tourist arrivals to Cyprus increase , — ministry sees potential in Middle East and Asia

The United Arab Emirates tourist market for Cyprus is steadily rising, with a 14% increase in arrivals from the UAE last year. Meetings were held with airlines and travel agents to increase tourist flows from the UAE and Middle Eastern countries. Discussions also focused on strengthening demand from India and forming strategic partnerships with the UAE in the investment sector.

Police clear pro-Palestinian encampment at University of Southern California

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Police clear pro-Palestinian encampment at University of Southern California

Los Angeles police cleared a pro-Palestinian encampment at the University of Southern California without making arrests on Sunday following turmoil at universities across the United States over the Israel-Hamas war. USC President Carol Folt requested police intervention as the occupation was spiraling in a dangerous direction. The camp was cleared peacefully in 64 minutes. At UCLA, Chancellor Gene Block announced the creation of a new Office of Campus Safety after clashes between pro-Israeli and pro-Palestinian demonstrators. Senator Bernie Sanders compared campus protests to those against the Vietnam War. A student at the University of Mississippi was expelled for making racist gestures towards a Black female protester. At the University of Texas in Austin, pro-Palestinian demonstrators rallied peacefully, calling for universities to divest from Israel and push for a ceasefire in Gaza.

Mavridis takes over as Cablenet, ’s new CEO

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Mavridis takes over as Cablenet, ’s new CEO

Ioannis Mavridis is being promoted to CEO of Cablenet, replacing Yiannos Michaelides who is stepping down after four years.

MPs hopeful wealth declarations law will be published soon

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MPs hopeful wealth declarations law will be published soon

Lawmakers are working on passing legislation to create a more effective framework for the submission of wealth declarations by certain state officials and Politically Exposed Persons.

Paphos Cultural Foundation delayed again

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Paphos Cultural Foundation delayed again

The hot potato regarding the Paphos Cultural Foundation has been delayed for three years and is being transferred to the new, more populous Paphos Municipal Council that will emerge from the June elections. The current Municipal Council’s lack of progress on the matter is final, attributed to efforts to divide positions rather than appointing culture-minded individuals. The new council is hoped to have a proper perspective to implement the plan, which aimed to resume cultural activities from where “Paphos 2017” left off. However, recent allegations by the Cultural Movement ex-Artis accuse the Municipality of Paphos of irresponsibility, claiming that artworks placed in the city as part of the Cultural Capital initiative are missing and at risk of being destroyed. Specifically, three sculptures, including works by Rinos Stefani and Herman Pitts, are missing, and the movement calls on the Municipality to locate and reposition them.

Stricter oversight on cross-border credit services

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Stricter oversight on cross-border credit services

The processes for licensing and supervision of credit managers are becoming stricter, with new legislation being introduced to harmonize national law with European directives. Credit managers must be licensed by their member state of origin before starting their activities, meeting specific conditions such as robust governance and protection rules for borrowers. Buyers will not be licensed, except for those managing their own portfolios. Credit buyers will be supervised by the Central Bank and subject to penalties for any violations. Companies in the debt acquisition sector will be automatically recognized as licensed credit managers. The bills also ensure consumer protection, including timely information on credit agreement changes and the right to raise defenses against loan buyers.

97 per cent satisfaction rate with citizens service centres

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97 per cent satisfaction rate with citizens service centres

The majority of the public who use the island’s citizens service centres (KEP) have reported being served within ten minutes, with more than 94% saying they were satisfied with the speed of service. Since the first KEP centre opened almost 19 years ago, they have executed 13.4 million individual actions in person and 5.5 million over the phone.

Tepak salary concerns raised in committee

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Tepak salary concerns raised in committee

Fact: Salaries for the month of March were disbursed to Tepak employees using reserves from the university’s pension fund.