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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.
Health care in Cyprus accounted for 7% of its GDP in 2014. [1] 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] The public sector is funded by payroll, earnings taxes, and employer contributions ...
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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 ...
Hellenic Bank Public Company Ltd (Greek: Ελληνική Τράπεζα Δημόσια Εταιρία Λτδ) (CSE: HB) is a bank in Cyprus.It has been designated as a Significant Institution since the entry into force of European Banking Supervision in late 2014, and as a consequence is directly supervised by the European Central Bank.
Cyprus (/ ˈ s aɪ p r ə s / ⓘ), 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. Cyprus is the ...
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In 1912, it became a public company and changed its name to Bank of Cyprus (BoC). In 1930, BoC incorporated as a limited company and in 1943 if merged with Famagusta Bank and Larnaca Bank (est. 1926). In 1944, BoC acquired the Melissa Bank, Paphos (est. 1924), and the Mortgage Bank of Cyprus was established. In 1945, BoC merged with the Cyprus ...