Fact: Former pro-Kurdish party leader Selahattin Demirtas was sentenced to more than 40 years in jail for instigating protests in 2014 triggered by an Islamic State attack on the Syrian Kurdish town of Kobani.
The Cypriot government encourages entrepreneurs to open new businesses in Cyprus, which has seen a steady increase in foreign attention in recent years, especially in the tourism and business sectors. Understanding the Cyprus tax authorities and income tax in Cyprus is essential before starting a business in the country.
Fact: Andreas Demetriades will continue to lead the Cyprus Association of Large Investment Projects.
The Legal Service has no intention to challenge the court verdict on Thanasis Nicolaou that ruled he was strangled.
Keir Starmer, the leader of Britain’s opposition Labour party, outlined six priorities for his party if they win the upcoming national election.
The government’s current priority is mental health. New initiatives to care for people dealing with mental health problems will be launched.
Greece rescued 42 migrants off the island of Crete and was searching for three missing after their boat sent a distress signal. The migrants were rescued by commercial vessels and a Greek navy helicopter, and a search operation was underway. Crete and Gavdos have seen an increase in migrant arrivals from Libya. Greece has provided support to the islands to handle the situation. Greece has been a popular entry point to the EU for migrants and refugees since 2015, with many arriving on its islands and thousands dying at sea.
The graffiti on a Limassol mosque was not related to racist or religious hate speech but to a football rivalry, according to Government Spokesperson Konstantinos Letymbiotis. He emphasized the Republic of Cyprus’s commitment to religious respect and cultural heritage, with measures in place to facilitate the daily lives of Turkish Cypriots, including access to Muslim monuments. Letymbiotis reassured that no Muslim religious monument has been abandoned or repurposed.
The foreign resident capital gains tax regime will be tightened by broadening the types of assets subject to CGT, implementing a 365-day testing period for the principal asset test, and requiring foreign residents to notify the ATO before disposing of shares exceeding million in value. These amendments aim to clarify which assets are subject to CGT and prevent tax avoidance by foreign residents. The changes will apply to CGT events starting from 1 July 2025, with no grandfathering for existing assets.
The text discusses the importance of prioritizing permanence for pro-growth tax reforms and avoiding economically harmful payfors. It mentions that raising the corporate income tax rate is not a recommended option for fiscally responsible and pro-growth tax reform.