The Ministry of Finance has commented on a recent Financial Wellbeing Institute survey regarding the 2025 Financial Wellbeing Index. The survey indicated an overall increase in the index compared to 2024, with improvements across all 14 contributing areas. However, the ministry acknowledged that some citizens still face challenges like the energy crisis and rising living costs, and express concerns about retirement planning.
Cyprus's Minister of Finance expressed profound sorrow regarding the death of Nikos Siakolas. The minister acknowledged Siakolas' significant contributions to the socioeconomic development of Cyprus, highlighting his entrepreneurial vision and philanthropic endeavors.
Cyprus and Sweden signed a protocol in Nicosia to update their existing double taxation agreement concerning income taxes. This amendment integrates minimum standards from the OECD's Base Erosion and Profit Shifting (BEPS) initiative and includes provisions for exchanging tax information, aiming to enhance Cyprus's appeal as an international business hub.
The protocol will become effective upon the completion of ratification procedures by both nations, addressing constitutional issues Sweden faced regarding the Multilateral Instrument (MLI) and reinforcing tax transparency and compliance.
The Cyprus Tax Department has issued an announcement pertaining to rental income. This notification is available as a downloadable PDF document from their official website.
How the OECD-aligned Cyprus IP Box regime works in 2026 — qualifying assets, the nexus fraction, the 80% deemed deduction and documentation requirements.
