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Housing scheme for mountain and rural areas extended

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Housing scheme for mountain and rural areas extended

Newly revised housing plans were approved by the cabinet to regenerate mountain villages, rural areas, and areas on the Green Line. 1,500 applications have been approved under the schemes, corresponding to the granting of €55 million in financial assistance. 14,000 households, corresponding to 29,500 people, benefited from the allowances in 2023, with a total grant of €7.5 million. The plan has been extended until December 31, 2025, and becomes a two-year plan to allow interested parties sufficient time to secure the necessary planning and building permits required to apply.

Corporate tax not rising for compliant listed companies

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Corporate tax not rising for compliant listed companies

Tax rates for publicly-listed companies may remain unchanged in the upcoming fiscal year, with some changes in parlance that could affect the availing of lower tax rates. The base rate may see a rise for publicly listed companies, but compliance with cashless transactions could bring it back down to existing rates. Listed companies with free float up to 10% and above with cashless transactions would have tax rates of 20% and 22.5%. Noncompliance with the cashless transaction limit would result in higher tax rates. The government may also impose capital-gain taxes on individual investors for the first time if profits exceed Tk 4.0 million. The tax gap between listed and non-listed companies may be reduced by cutting corporate tax rates for non-listed companies by 2.5%. Capital-market experts believe that higher taxes and reducing the tax gap between listed and non-listed companies could discourage companies from entering the capital market. The government should focus on simplifying investment procedures rather than increasing taxes on the capital market.

Federal Tax Authority releases much-anticipated free zone persons guide

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Federal Tax Authority releases much-anticipated free zone persons guide

The Federal Tax Authority of the UAE has released a guide that improves users’ understanding of corporate tax on free zone businesses.

Tax refunds delayed by surge in fake submissions

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Tax refunds delayed by surge in fake submissions

The Revenue Department collected 2.21 trillion baht in taxes in fiscal 2023, exceeding the target by 9% and surpassing the previous year’s figure by 2.1%.

Nations Can Fight, But There’s No Flight From Global Minimum Tax

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Nations Can Fight, But There’s No Flight From Global Minimum Tax

Countries are divided on whether to comply with, fight against, or ignore the global minimum tax agreement known as Pillar Two. Compliance involves adopting three taxes to reach a 15% tax rate on corporate income, while fighting against it could lead to trade wars. Ignoring Pillar Two may result in businesses needing to engage in tax planning to protect themselves from liability.

Cost of living, energy prices, top concerns for Cypriots

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Cost of living, energy prices, top concerns for Cypriots

Cypriots are most concerned about soaring prices and energy costs, according to a recent survey. 84% are worried about rising prices, while 72% are concerned about energy bills. Other concerns include crime, corruption, and poverty, with less immediate anxiety about issues like climate change and the Russia-Ukraine war. The survey also shows a sense of cautious optimism about household finances, with more households feeling comfortable with their income compared to the previous year. Consumer spending habits have shifted slightly, with a decrease in overall purchases and a focus on essentials and long-term goals such as home maintenance, improving quality of life, children’s education, and savings.

Livingston Chamber Criticizes Proposed NJ Business Tax Hike

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Livingston Chamber Criticizes Proposed NJ Business Tax Hike

The Livingston Chamber of Commerce opposes a proposed 2.5 percent tax hike on high-earning businesses in New Jersey, which would fund NJ Transit.

Switching people on to green power in Europe

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Switching people on to green power in Europe

Researchers in Europe are working to inform residents about clean energy options.

A Cypriot, ’s unexpected journey to the Emmys

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A Cypriot, ’s unexpected journey to the Emmys

Fact: Martinos Aristidou is the first Cypriot to be nominated for a Daytime Emmy Award and the only Cypriot with voting privileges at the Emmys.

Proven methods for regaining your mane

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Proven methods for regaining your mane

Hair loss is a common concern that affects millions of people worldwide and can be caused by factors such as genetics, hormonal changes, medical conditions, and aging. Advancements in science and medicine have led to various hair restoration solutions, including medical treatments like minoxidil and finasteride, as well as hair transplant surgery. Lifestyle modifications, such as a balanced diet and stress management, can also support hair restoration.