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Taxes in Cyprus are levied by both the central and local governments. Tax revenue stood at 39.2% of GDP in 2012. [1] The most important revenue sources are the income tax , social security , value-added tax and corporate tax , and are all collected by the central government.
The economy of Cyprus is a high-income economy as classified by the World Bank, [3] and was included by the International Monetary Fund in its list of advanced economies in 2001. [1] [2] Cyprus adopted the euro as its official currency on 1 January 2008, replacing the Cypriot pound at an irrevocable fixed exchange rate of CYP 0.585274 per €1.
Health care in Cyprus accounted for 7% of its GDP in 2014. Between 2010 and 2014, health care spending increased from $1,705 per capita to $2,062 per capita. [2] [3] Cyprus has a multi-payer health care system that consists of a public and private sector. [2]
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The Cyprus Securities and Exchange Commission, ( Greek: Επιτροπή Κεφαλαιαγοράς) better known as CySEC, is the financial regulatory agency of Cyprus. As an EU member state, CySEC's financial regulations and operations comply with the European MiFID financial harmonization law. A significant number of overseas retail forex ...
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The Cyprus Portal. Cyprus ( / ˈsaɪprəs / ⓘ ), officially the Republic of Cyprus, is an island country in the eastern Mediterranean Sea, north of the Sinai Peninsula, south of the Anatolian Peninsula, and west of the Levant. It is geographically a part of West Asia, but its cultural ties and geopolitics are overwhelmingly Southeast European.
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Cyprus is the third-largest island in the Mediterranean and one of the most popular tourist destinations in the Mediterranean, attracting over 2.4 million tourists per year. A former British colony , it gained independence from the United Kingdom in 1960 and became a republic in the Commonwealth of Nations in 1961 .
Cyprus [f] ( / ˈsaɪprəs / ⓘ ), officially the Republic of Cyprus, [g] is an island country in the eastern Mediterranean Sea, north of the Sinai Peninsula, south of the Anatolian Peninsula, and west of the Levant. It is geographically a part of West Asia, but its cultural ties and geopolitics are overwhelmingly Southeast European.