Need to reform effective tax rate regime: FICCI president

Need to reform effective tax rate regime: FICCI president

Despite some significant positive changes in the proposed budget, foreign investors in Bangladesh still have major concerns about the effective income tax rate, which exceeds 40% in some cases, leaders of the Foreign Investors Chamber of Commerce and Industry (FICCI) said. “Despite the decrease in the corporate tax rate, the effective tax rate here in … Read more

Campaign launched to raise awareness on hepatitis and HIV

Campaign launched to raise awareness on hepatitis and HIV

A campaign has been launched to raise awareness about viral hepatitis and HIV in Cyprus, coinciding with ‘World Hepatitis Day’. The Health Minister emphasized the importance of equal access to quality health services for the diagnosis and treatment of these diseases. Viral hepatitis is the second leading infectious cause of death worldwide, with deaths increasing to 1.3 million globally in 2022. The World Health Organization aims for comprehensive screening for viral hepatitis by 2030. An initiative called ‘KYFA Checkpoint’ was presented at the press conference, offering free tests for interested individuals.

Cyprus a , ‘strong member’ of European Public Prosecutor’s Office

Cyprus a , ‘strong member’ of European Public Prosecutor’s Office

Cyprus is a robust member of the European Public Prosecutor’s Office (EPPO) with ten active investigations in Cyprus and assistance in 58 cases involving other participating member states.

LG Chem Avoids First Global Minimum Tax ‘Bombshell’

LG Chem Avoids First Global Minimum Tax ‘Bombshell’

LG Chem recorded a Pillar Two current corporate income tax expense of 863 million won for the first quarter of this year.

Shipping industry to gather in Athens

Shipping industry to gather in Athens

The Poseidonia 2024 World Expo will take place in Athens, Greece from June 3 to 7. Many Cypriot shipping companies and professionals will attend the event.

K-Battery Companies Worried about OECD’s New Global Minimum Tax Policy

K-Battery Companies Worried about OECD's New Global Minimum Tax Policy

The global minimum tax policy imposes a minimum corporate tax of 15 percent on multinational companies with annual global revenue exceeding 1 trillion won.

Yen trades higher on risk-on sentiment, despite dovish ECB

Yen trades higher on risk-on sentiment, despite dovish ECB

The Japanese yen traded stronger against the euro at 164.90 on Monday. Bank of Japan Governor Kazuo Ueda made dovish remarks about the need to maintain accommodative monetary policies due to low inflation.

Migration: Difficult to reassess areas of Syria as safe, MEP says

Migration: Difficult to reassess areas of Syria as safe, MEP says

Cyprus is suspending the processing of asylum applications due to an increase in Syrian arrivals from Lebanon. The country wants EU partners to reassess the safety of certain areas in Syria to block asylum applications. MEP Fabienne Keller expressed scepticism, highlighting the challenges posed by Syria’s unstable situation and authoritarian leadership. Keller emphasized the need for support for Cyprus, as it faces a high number of asylum applications per capita. Meanwhile, MEP Tomas Tobé called for EU member states to unite and address the migration crisis collectively, urging a common position on Syria. Cyprus wants EU partners to reconsider the status of Syria, as it believes certain areas are safe for returnees.

Makarios at forefront of battling childhood cancers

Makarios at forefront of battling childhood cancers

The paediatric clinic of Makarios hospital handles between 30 and 40 new benign and malignant haematological and oncological cases every year.

Deaf dreams to digital realities

Deaf dreams to digital realities

Fact: Two brothers, George Geratziotis and Dr Alexandros Geratziotis, developed an app called Connect Deaf to bridge the communication gap for the deaf and hard-of-hearing community.