Recent news
Latest items of recent news relevant to Cyprus as reported in our fortnightly newswire ‘Dernières nouvelles’.
Cyprus: Rules for paternity, surrogacy leave approved
With effect from August 1st 2017, working men may take up to two weeks paternity leave where their wife has given birth or has had a child through surrogacy or where the couple have adopted a child aged up to 12-years-old …
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Cyprus: Getting tough on undeclared work
Legislators in the House Labour Committee have approved a Bill requiring employers to declare employees to the Ministry of Social Insurance a day before employment starts, instead of up to one month after its commencement …
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Cyprus: Removal from blacklist
Companies that traded through Cyprus in order to serve the Indian market during the last three years will now receive a rebate on the 30% withholding tax that was applied because Cyprus had been on India’s taxation blacklist …
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Cyprus: Attracting foreign nationals
Cyprus is now moving quickly towards entry to the Schengen free movement area …
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Cyprus: Declining labour costs
Between 2012 and Q2 2016 labour costs in Cyprus enterprises fell by 5 …
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Cyprus: Length of service key factor in equal pay
The trend in average gross earnings in Cyprus has been in decline since 2012 …
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Cyprus: Proposed removal of right to terminate employment of long-term sick
In Cyprus the House of Representatives have been rushing through a number of measures ahead of the general election on May 22nd …
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Cyprus: Decline in average gross monthly earnings
The average gross monthly earnings of employees in Cyprus during Q4 2015 was 2,156 euros (2,453 US dollars) …
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Cyprus/Iran: New double tax agreement
On August 4th 2015 Cyprus and Iran entered into a double taxation treaty …
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Cyprus: Employers’ organisation calls for a restriction on the right to strike
Cyprus’ Federation of Employers and Industrialists has submitted to the country’s President and Minister of Labour a draft law restricting the right to strike …
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Cyprus: Revised GDP figures released
The European Commission’s statistical agency, Eurostat, has released revised statistics on GDP levels and growth rates in the European Union between 1997 and 2013 …
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Cyprus: Double tax treaty signed
On July 25th 2014, Switzerland and Cyprus signed a treaty against double taxation …
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Cyprus: Labour taxation in the EU
In its latest ‘Taxation Trends in the European Union’ report, the European Commission has pointed out that labour taxes were the main source of tax revenue in 2012 in the majority of EU member states …
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Cyprus: Double tax treaty comes into force
A double tax agreement between Cyprus and Spain, which was signed on February 14th 2013, has now entered into force …
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Cyprus: Extended shop opening hours
Temporary legislation allowing shops to open for longer has been extended for a second time in Cyprus …
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