connectivity

Budget 2024: All eyes are now on the Finance Minister. From IT changes to corporate tax tweak, here are key things | Mint

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Budget 2024: All eyes are now on the Finance Minister. From IT changes to corporate tax tweak, here are key things | Mint

Finance Minister Nirmala Sitharaman will unveil the Union Budget for the financial year 2024-25 at 11 a.m. on Tuesday. This critical document will outline the government’s revenue and expenditure plans, influencing economic growth and stability across the nation. Understanding the budget’s implications for individuals and businesses alike is essential for informed financial decision-making.Also Read | … Read more

Beyond connectivity, MTN’s tax contribution accelerates Africa’s growth | MTN.com

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Beyond connectivity, MTN’s tax contribution accelerates Africa’s growth | MTN.com

MTN Group’s commitment to shared value in Africa extends beyond providing essential connectivity. In 2023, our total tax contribution to governments across all markets increased by more than 12% to R61.7 billion. This figure encompasses the direct corporate taxes we pay, indirect taxes, operating licence fees, payroll taxes, property rates, dividend taxes and withholding taxes. “Our … Read more

TechIsland Summit: Pioneering Cyprus, ’ tech-driven future

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TechIsland Summit: Pioneering Cyprus, ’ tech-driven future

The ICT sector in Cyprus has shown significant growth, with a 283% increase in GVA from 2011 to 2023, positioning Cyprus fourth in the EU27 for ICT growth. Despite this growth, the employment rate of ICT specialists in Cyprus remains at the EU average of 4.6%, indicating a need for more specialists to catch up with the sector’s growth.

Daleela embarks on first voyage for 2024

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Daleela embarks on first voyage for 2024

The Daleela passenger and car ferry has resumed its sailings from Limassol to Piraeus for the third season, with increased ticket sales compared to last year. The ferry will operate exclusively from Limassol, with departures on Wednesdays and Sundays from Limassol and Tuesdays and Fridays from Piraeus. Ticket prices have slightly increased from last year, with the ferry receiving a €5.5 million annual subsidy. The ferry link between Cyprus and Greece was reinstated in 2022 after 20 years, supported by a state subsidy approved by the European Commission.

Tototheo Global debut targets expansion beyond maritime horizons

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Tototheo Global debut targets expansion beyond maritime horizons

Tototheo Maritime has rebranded to Tototheo Global, showcasing their evolution into a global leader in technology solutions. They will deliver services across multiple sectors with a focus on connectivity, IoT, AI-driven analytics, and custom software development. The company aims to enhance global connectivity and drive innovation across various industries.

Reduction in small business tax passes in House of Assembly

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Reduction in small business tax passes in House of Assembly

Fact: The small business corporate income tax rate in Newfoundland and Labrador has been reduced from 3 per cent to 2.5 per cent effective January 1, 2024.

Why Cayman? Cayman Islands Vs Barbados: Offshore Business Showdown

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Why Cayman? Cayman Islands Vs Barbados: Offshore Business Showdown

The Cayman Islands and Barbados are competing for entrepreneurs’ attention as offshore business destinations. The Cayman Islands offer a tax-neutral environment with no corporate, capital gains, or sales taxes, while Barbados has low corporate tax rates and a network of double taxation agreements. Both locations have advantages in terms of business setup, legal frameworks, and lifestyle amenities. The choice between the two islands depends on specific priorities and business goals.

Reduction in the Small Business Tax Rate Passes in the House of Assembly

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Reduction in the Small Business Tax Rate Passes in the House of Assembly

The small business corporate income tax rate in Newfoundland and Labrador has been reduced from 3 per cent to 2.5 per cent effective January 1, 2024.

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.

Grand opening of Beon active office in Paphos

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Grand opening of Beon active office in Paphos

INEX held a launch event for Beon active office in Cyprus, showcasing its modern and flexible workspaces designed for companies of all sizes. The office concept offers innovative features such as Face-ID technology for access, smart lighting, climate control systems, and delivery lockers. Beon also provides amenities like outdoor terraces, event halls, and a Gastro Bistro MODE. The building is designed with sustainability in mind, aiming to minimize its environmental footprint through energy-efficient practices.