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Anti Tax Avoidance Directive - Transposition to National Law On the 19th of July 2019, the Cyprus Department of Taxation has issued a public consultation regarding the national transposition of (EU) 2016/1164 laying down rules against tax avoidance practices that directly affect the functioning of the internal market. In focus of the current consultation is the introduction of Hybrid Mismatch ...
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 ...
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.
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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 ...
Members and three observers representing Armenian, Latin, and Maronite Cypriots are elected by proportional representation every five years. 30% of seats are allocated to Turkish Cypriots, but these have been vacant since 1964. The House of Representatives of Cyprus is the only legislature in Europe within a fully presidential system .
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