2020 to bring additional tax breaks

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2020 to bring additional tax breaks
 © In-Cyprus 2020
2020’s annual state budget includes additional tax exemptions, Finance Minister Harris Georgiades yesterday told executive committee members of right-wing SEK union.

Specifically, the following measures will be effective as of next year:

—Tax exemption for employees and retirees will rise to 1/5 of their income. Today, the tax deduction for contributions to pension funds is 1/6 of their income. Increasing the tax exemption to 1/5 is not irrelevant to the recent implementation of the first phase of the country’s General Health Plan (Gesy). This was made possible...


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This article was automatically added to our system 11-9-2019

2020 to bring additional tax breaks


The contents of this article including any associated images are © In-Cyprus 2020
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