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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.
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 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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Cyprus [f] (/ ˈ s aɪ p r ə s / ⓘ), officially the Republic of Cyprus, [g] is an island country in the eastern Mediterranean Sea. It is geographically a part of West Asia, but its cultural ties and geopolitics are overwhelmingly Southeast European. Cyprus is the third largest and third-most populous island in the Mediterranean.
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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 ...
In 2018, the turnover was €394.2 mln (up from €391.5 mln in 2017) and after-tax profits rose from €4.2 mln in 2017 to €4.3 mln. [ 4 ] The company’s founder Kikis Lefkaritis died on November 30, 2020.