A new AI-powered assistant called Placy has been launched in Cyprus, aiming to transform the real estate sector, according to an announcement released on Thursday. The announcement noted that this tool aims to simplify the traditionally complex property market, offering increased efficiency and insight for both professionals and clients. “Cyprus presents a unique opportunity for … Read more
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.
The Cyprus Chamber of Commerce & Industry (Keve) has completed the upgrade of its headquarters in Nicosia into a green building. The initiative aligns with the organization’s commitment to promoting sustainable practices among its members and contributing to a greener Cyprus.
Fact: A bipartisan group of lawmakers, including both liberal and conservative members, supported a bill that would change the rules allowing corporations wide discretion to choose who gets their online sales taxes, potentially funneling billion in tax kickbacks back to communities across the state.
Health Minister Michalis Damianou is working on legislation to set up university clinics, facing opposition from the University of Cyprus and the government doctors’ union Pasyki. The main disagreement is about who should run the clinics, with the University of Cyprus wanting academic doctors in charge, while Pasyki prefers experienced hospital doctors. Damianou believes in a gradual approach where academic doctors work alongside hospital doctors and eventually take over. He does not agree with the University of Cyprus’ stance and emphasizes the stability of the hospitals and public sector doctors.
Fact: Aristotle observed “There is nothing more unequal than the equal treatment of unequal things.”
France is banking on a new push to integrate the European Union’s fragmented capital markets to give them the scale needed to wean its flourishing startup sector off of dominant US venture capital.
The fact described in the text is that the interior minister is expected to issue decrees mandating that the final say on permits will rest with the technocrats in the district-level organizations, not the elected officials.
Clubs, music venues, and cabarets in Cyprus can now operate with extended hours, from 8:00 pm to 4:00 am on Mondays to Thursdays and Sundays, and until 5:00 am on Fridays and Saturdays. The extended hours were approved by the Deputy Ministry of Tourism and will be in effect until September 30. The Cyprus Association of Entertainment Venue Owners has not yet commented on the new regulations, which only apply to specific categories of venues.
The Tax Foundation’s International Tax Competitiveness Index (ITCI) measures the competitiveness of tax systems in 38 OECD countries based on low tax burdens on business investment and neutrality in tax codes.