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Taxation. 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. Income tax is levied on a progressive rate.
Cypriot regular legal standard number plate. The vehicle registration plates of Cyprus are composed of three letters and three digits (e.g. ABC 123). A simple incremental numbering system is used; numbers run from 001 to 999 per letter sequence (alphabetic), so that, for example, the plate to be issued after MAA 999 would be MAB 001. However ...
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 ...
The 2012–2013 Cypriot financial crisis was an economic crisis in the Republic of Cyprus that involved the exposure of Cypriot banks to overleveraged local property companies, the Greek government-debt crisis, the downgrading of the Cypriot government's bond credit rating to junk status by international credit rating agencies, the consequential inability to refund its state expenses from the ...
In 1991, Cyprus introduced a value-added tax (VAT), which is at 19% as of 13 January 2014. Cyprus ratified the new world trade agreement (General Agreement on Tariffs and Trade, GATT) in 1995 and began implementing it fully on 1 January 1996. EU accession negotiations started on 31 March 1998, and concluded when Cyprus joined the organization ...
The first Cypriot revenue stamps were issued in 1878. The first issue consisted of Queen Victoria keytypes overprinted CYPRUS at foot. Some of the shilling values of this issue were reprinted with a different watermark in 1881, and a new design denominated in piastres was issued in 1883. Three years later, some values from the first issue were ...
Goods and Services Tax (GST) is a value-added tax or consumption tax for goods and services consumed in New Zealand. GST in New Zealand is designed to be a broad-based system with few exemptions, such as for rents collected on residential rental properties, donations, precious metals and financial services. [ 71 ]
The city's online tax portal contains copies of tax bills, receipts for payments and the option the make an online payment for a fee. Payments can also be made by check or over the phone ...