The Cyprus Tax Department has released ten-year government bond yield rates for five new territories, to support businesses in calculating claims for Cyprus's Notional Interest Deduction. The rates are for Bermuda, Denmark, Jordan, Portugal, and Switzerland.

Lawmakers in Cyprus have rejected the 2021 Budget, for the first time in the country's history.

At its December 22 plenum, Russia's lower house of parliament approved revisions to the country's double tax agreements with Cyprus and Luxembourg.

The European Commission has approved a Cypriot scheme involving the grant of tax breaks to private investors – both natural persons and corporate investors – who invest into early-stage, innovative SMEs.

Russia's Ministry of Finance has announced that it signed a Protocol to amend its double tax agreement with Cyprus on September 8, 2020.

The Cyprus Tax Department has released ten-year government bond yield rates for five new territories, to support businesses in calculating claims for Cyprus's Notional Interest Deduction. The rates are for Bermuda, Denmark, Jordan, Portugal, and Switzerland.

Cyprus has announced that a deal for the exchange of country-by-country reports between the territory and the US is expected to become effective and cover reporting years starting on or after January 1, 2020.

[London] : Downlow Productions, 2010.

For a thousand years, Cyprus was divided into at least 10 autonomous states. The inhabitants spoke three languages: Greek, Phoenician, and Eteocypriot, the original language […]

The post Cyprus: Crossroads of Civilizations appeared first on Smithsonian Insider.

An ancient, two-sided amulet uncovered in Cyprus contains a 59-letter inscription that reads the same backward as it does forward.

A chronology of key events

Key facts, figures and dates

The Amateur Traveler  talks to Roni Weiss about his visit to the divided country of Cyprus. Roni went to Cyprus in part to complete a quest to visit every country in Europe. Roni couchsurfed which gave him a chance to stay with Turkish and Greek Cypriots as well as a Turkish resident. T

Cyprus’s record-breaking 2018 was driven by tourism and second-tier cities. 

The revised double tax avoidance agreement between India and Cyprus will take effect from April 1, 2017, India's Central Board of Direct Taxes has announced.

Cyprus's Tax Department has released details of a tax amnesty, which entered into force on July 3, 2017.

Cyprus should consider reinstating the immovably property tax to boost revenues, the International Monetary Fund has said.

The Cypriot tax authority has extended until January 15, 2018, the deadline for multinational corporations to submit their notifications concerning country-by-country reporting for 2017. The deadline had been December 31.

Cyprus's Ministry of Finance says the island has signed a double tax agreement with Saudi Arabia with respect to taxes on income and for the prevention of tax evasion.

The Cyprus Tax Department has released a notice on the obligation on Cypriot constituent entities of multinational groups to file a CbC report in Cyprus where the ultimate parent entity files in a territory without an exchange of information arrangement with Cyprus.

The Cyprus Government has announced a number of extensions to tax return filing dates.

Jersey has signed a double taxation agreement with the Republic of Cyprus. This is the island's twelfth agreement that meets the international standard for such agreements.

Exports to Turkish Region of Northern Cyprus in Turkey decreased to 72.49 USD Million in March from 81.53 USD Million in February of 2020. Exports to Turkish Region of Northern Cyprus in Turkey averaged 93.09 USD Million from 2014 until 2020, reaching an all time high of 153.24 USD Million in October of 2019 and a record low of 52.78 USD Million in January of 2016. This page includes a chart with historical data for Turkey Exports to Turkish Region Of Northern Cyprus.

Military Expenditure in Cyprus increased to 360 USD Million in 2018 from 357 USD Million in 2017. Military Expenditure in Cyprus averaged 421.43 USD Million from 1985 until 2018, reaching an all time high of 918 USD Million in 1992 and a record low of 79.60 USD Million in 1985.

The Social Security Rate For Companies in Cyprus stands at 8.30 percent. Social Security Rate For Companies in Cyprus averaged 10.03 percent from 2006 until 2019, reaching an all time high of 11.50 percent in 2014 and a record low of 7.80 percent in 2017. In Cyprus, the Social Security Rate is a tax related with labor income charged to both companies and employees. Revenues from the Social Security Rate are an important source of income for the government of Cyprus because they help to pay for many social programs including welfare, health care and many other benefits. This page provides - Cyprus Social Security Rate For Companies - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product per capita in Cyprus was last recorded at 30926.50 US dollars in 2018. The GDP per Capita in Cyprus is equivalent to 245 percent of the world's average. GDP per capita in Cyprus averaged 22490.10 USD from 1975 until 2018, reaching an all time high of 32727.10 USD in 2008 and a record low of 7353.20 USD in 1975. The GDP per capita is obtained by dividing the country’s gross domestic product, adjusted by inflation, by the total population. This page provides the latest reported value for - Cyprus GDP per capita - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Money Supply M1 in Cyprus increased to 4429 EUR Thousand in December from 4209 EUR Thousand in November of 2007. Money Supply M1 in Cyprus averaged 1780.44 EUR Thousand from 1993 until 2007, reaching an all time high of 4429 EUR Thousand in December of 2007 and a record low of 792 EUR Thousand in February of 1993. This page provides - Cyprus Money Supply M1 - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Money Supply M2 in Cyprus increased to 18440158 EUR Thousand in November from 18178113 EUR Thousand in October of 2007. Money Supply M2 in Cyprus averaged 10874443.64 EUR Thousand from 1997 until 2007, reaching an all time high of 18440158 EUR Thousand in November of 2007 and a record low of 6024459 EUR Thousand in February of 1997. Cyprus Money Supply M2 includes M1 plus short-term time deposits in banks. This page provides - Cyprus Money Supply M2 - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Cyprus is ranked 54 among 190 economies in the ease of doing business, according to the latest World Bank annual ratings. The rank of Cyprus improved to 54 in 2019 from 57 in 2018. Ease of Doing Business in Cyprus averaged 46 from 2008 until 2019, reaching an all time high of 60 in 2014 and a record low of 36 in 2008. The Ease of doing business index ranks countries against each other based on how the regulatory environment is conducive to business operationstronger protections of property rights. Economies with a high rank (1 to 20) have simpler and more friendly regulations for businesses. This page includes a chart with historical data for Ease of Doing Business in Cyprus.

The Sales Tax Rate in Cyprus stands at 19 percent. Sales Tax Rate in Cyprus averaged 16 percent from 2000 until 2020, reaching an all time high of 19 percent in 2014 and a record low of 10 percent in 2001. In Cyprus, the sales tax rate is a tax charged to consumers based on the purchase price of certain goods and services. The benchmark we use for the sales tax rate refers to the highest rate. Revenues from the Sales Tax Rate are an important source of income for the government of Cyprus. This page provides - Cyprus Sales Tax Rate | VAT - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Cyprus expanded 3.20 percent in the fourth quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Cyprus averaged 2.53 percent from 1996 until 2019, reaching an all time high of 7.20 percent in the fourth quarter of 2016 and a record low of -7.50 percent in the second quarter of 2013. Services including tourism, financial services, and real estate are considered as the backbone of the Cyprus economy, accounting for nearly 80 percent of GDP. Industry accounts for only 10 percent and agriculture for 2 percent. On the expenditure side, household consumption is the main component of GDP and accounts for 70 percent of its total use, followed by government expenditure (16 percent) and gross fixed capital formation (11 percent). Exports of goods and services account for 55 percent of GDP while imports account for 53 percent, adding 2 percent of total GDP. This page provides - Cyprus GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

ICU Beds in Cyprus averaged 391.98 per 100K people from 1976 until 2014, reaching an all time high of 618.63 per 100K people in December of 1986 and a record low of 195.32 per 100K people in December of 2004. This page includes a chart with historical data for Cyprus ICU Beds.

Cyprus recorded a trade deficit of 539694 EUR Thousand in February of 2020. Balance of Trade in Cyprus averaged -207406.81 EUR Thousand from 1975 until 2020, reaching an all time high of 158661 EUR Thousand in March of 2018 and a record low of -925948 EUR Thousand in May of 2016. Trade is an integral part of the recent economic success of Cyprus, as the island nation falls short of being self-sufficient for food and fuel. As such, Cyprus is a net importer of fuels, raw materials, heavy machinery and transportation equipment. Cyprus mostly exports citrus fruits, cement, potatoes, clothing and pharmaceuticals. Cyprus' largest, and most important, trading partner is the European Union, which accounts for 50% of all Cypriot trade flows, followed by the Middle East, destination for 20% of exports from Cyprus. In the European Union, the UK and Greece account for the largest share of trade due to historical connections. Recent discoveries of offshore gas will likely diminish Cyprus' need for importing energy and lead to a shift in the composition of its exports. This page provides - Cyprus Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Exports in Cyprus decreased to 219294 EUR Thousand in February from 220111 EUR Thousand in January of 2020. Exports in Cyprus averaged 91622.26 EUR Thousand from 1975 until 2020, reaching an all time high of 888660 EUR Thousand in March of 2018 and a record low of 5946 EUR Thousand in February of 1975. Cyprus mostly exports citrus fruits, cement, potatoes, clothing and pharmaceuticals. Cyprus' largest, and most important, trading partner is the European Union, which accounts for 50% of all Cypriot trade flows, followed by the Middle East, destination for 20% of exports from Cyprus. This page provides - Cyprus Exports - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Imports in Cyprus increased to 758988 EUR Thousand in February from 704089 EUR Thousand in January of 2020. Imports in Cyprus averaged 299029.07 EUR Thousand from 1975 until 2020, reaching an all time high of 1082134 EUR Thousand in May of 2016 and a record low of 13481 EUR Thousand in June of 1975. Cyprus is a net importer of fuels, raw materials, heavy machinery and transportation equipment. Cyprus' largest, and most important, trading partner is the European Union, which accounts for 50% of all Cypriot trade flows. In th European Union, the UK and Greece account for the largest share of trade due to historical connections. This page provides - Cyprus Imports - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Housing Index in Cyprus decreased to 101.81 points in the fourth quarter of 2019 from 105.69 points in the third quarter of 2019. Housing Index in Cyprus averaged 108.36 points from 2005 until 2019, reaching an all time high of 130.42 points in the second quarter of 2008 and a record low of 93.41 points in the first quarter of 2005. In Cyprus, the House Price Index measures residential property market prices. The HPI captures price changes of all kinds of residential property purchased by households (flats, detached houses, terraced houses, etc.), both new and existing. Only market prices are considered, self-build dwellings are therefore excluded. The land component of the residential property is included. This page provides - Cyprus House Price Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Employment Rate in Cyprus increased to 71 percent in the fourth quarter of 2019 from 70.80 percent in the third quarter of 2019. Employment Rate in Cyprus averaged 67.17 percent from 2000 until 2019, reaching an all time high of 71.50 percent in the fourth quarter of 2007 and a record low of 60.90 percent in the first quarter of 2014. In Cyprus, the employment rate measures the number of people who have a job as a percentage of the working age population. This page provides - Cyprus Employment Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Unemployment Rate in Cyprus increased to 6.70 percent in March from 5.80 percent in February of 2020. Unemployment Rate in Cyprus averaged 7.80 percent from 2000 until 2020, reaching an all time high of 16.50 percent in March of 2014 and a record low of 3 percent in March of 2002. In Cyprus, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page provides the latest reported value for - Cyprus Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Cyprus recorded a government budget deficit of 277.40 EUR Million in the fourth quarter of 2019. Government Budget Value in Cyprus averaged -104.93 EUR Million from 1995 until 2019, reaching an all time high of 417.30 EUR Million in the third quarter of 2019 and a record low of -1522.40 EUR Million in the first quarter of 2014. The government budget balance is the difference between government revenues and expenses. The budget is balanced when outlays equal to receipts, the country reports budget surplus when revenues are higher than expenses and deficit when expenses exceed the revenues. This page provides - Cyprus Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The number of employed persons in Cyprus increased to 416.50 Thousand in 2019 from 400.80 Thousand in 2018. Employed Persons in Cyprus averaged 283.58 Thousand from 1970 until 2019, reaching an all time high of 416.50 Thousand in 2019 and a record low of 135 Thousand in 1975. In Cyprus, employed persons are individuals with a minimum required age who work during a certain time for a business. This page provides - Cyprus Employed Persons - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Cpi Housing Utilities in Cyprus decreased to 106.89 points in April from 111.72 points in March of 2020. Cpi Housing Utilities in Cyprus averaged 102.22 points from 2015 until 2020, reaching an all time high of 111.72 points in March of 2020 and a record low of 91.94 points in April of 2016. This page provides - Cyprus Cpi Housing Utilities- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The transportation sub-index of the CPI basket in Cyprus decreased to 91.35 points in April of 2020 from 95.77 points in March of 2020. CPI Transportation in Cyprus averaged 97.83 points from 2015 until 2020, reaching an all time high of 103.94 points in June of 2015 and a record low of 91.35 points in April of 2020. This page provides - Cyprus Cpi Transportation- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Standard & Poor's credit rating for Cyprus stands at BBB- with stable outlook. Moody's credit rating for Cyprus was last set at Ba2 with positive outlook. Fitch's credit rating for Cyprus was last reported at BBB- with stable outlook. DBRS's credit rating for Cyprus is BBB (low) with positive outlook. In general, a credit rating is used by sovereign wealth funds, pension funds and other investors to gauge the credit worthiness of Cyprus thus having a big impact on the country's borrowing costs. This page includes the government debt credit rating for Cyprus as reported by major credit rating agencies.

Cyprus recorded 891 Coronavirus Cases since the epidemic began, according to the World Health Organization (WHO). In addition, Cyprus reported 15 Coronavirus Deaths. This page includes a chart with historical data for Cyprus Coronavirus Cases.

Cyprus recorded 15 Coronavirus Deaths since the epidemic began, according to the World Health Organization (WHO). In addition, Cyprus reported 891 Coronavirus Cases. This page includes a chart with historical data for Cyprus Coronavirus Deaths.