A planned 1% cut in the corporation tax rate from next year is expected to cost the state around €38 million annually, Finance Minister Gilles Roth said on Tuesday.Under the plan, the corporate tax rate will be reduced from 17% at present to 16% from 1 January next year, bringing it in line with the … Read more
Wealth Tax Impact: Details & Analysis | Tax Foundation Skip to content Colombia, Norway, Spain, and Switzerland. Countries have repealed their wealth taxes for a variety of reasons. They raise little revenue, create high administrative costs, and induce an outflow of wealthy individuals and their money. Many policymakers have also recognized that high taxes on … Read more
State Tax Changes Taking Effect July 1, 2024 Skip to content taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities. changes take effect on January 1, the beginning of the calendar year, for consistency … Read more
Former President Donald Trump last week spoke to CEOs about cutting the corporate income tax rate. President Joe Biden, in contrast, wants to increase the rate. Because Trump’s announcement came before the Business Roundtable, it’s being interpreted as pandering to corporate America. That’s fair enough. But Biden’s counter — a higher corporate tax rate — … Read more
Republic Act No. 12001 has been signed into law by President Ferdinand Marcos Jr. This new law is called the Real Property Valuation and Assessment Reform Act (RPVARA). Simply put, the RPVARA seeks to provide a uniform valuation for real properties in the country. It also creates the Real Property Information System, which shall maintain … Read more
THE BIGGEST news story over last few days has been that it was very hot. As if anyone in Kyproulla had not felt the scorching heat and had to be informed about it by continuous reports and updates from the media.OK, it was the highest ever temperature recorded in early June, but what more is … Read more
The initial cost to operate the 30 community clusters resulting from local government reform will reach €3 million, which the government will cover.
Fact: The north’s landfill in Koutsoventis is almost full and there is a risk of fires breaking out due to increased temperatures over the summer.
Two different elections will be held simultaneously in Cyprus on June 9, 2024, with voters having to choose between 61 candidates for the European Parliament and 3,232 candidates for various local government positions.
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.