Cyprus’ first crematorium is set to begin operations by 2024, eight years after the relevant law was first passed, it emerged on Wednesday.

The Council of Ministers of the Republic of Cyprus, through Regulatory Administrative Act RAA 373/2022, has issued a Decree relating to the exemption of certain physical persons from the obligation to submit a Tax Declaration (TD1) for the year 2022. In particular, every physical person who, during 2022, has had a gross income of not exceeding €19,500 is exempt from the obligation to submit a Personal Income Tax Return for the year 2022.

According to Phileleftheros information, the first companies that will rent a space in the building that used to be The Paphos Mall have already been found.

The EU tourism industry, and that of Cyprus, is bouncing strongly back from the Covid-19 pandemic, with data for 2022 closely mirroring that for 2019, a report released by Eurostat on Tuesday showed.

Investment management company Natixis has ranked Cyprus in 29th place in its global retirement index for 2022, with a total score of 62%.

The government is boosting businesses' modernisation, competitiveness, and extroversion with over €585 million from national and EU Funds in the period of 2021 – 2027, Minister of Energy, Commerce, and Industry Natasa Pilidou said on Monday.

Private equity firm Lone Star has until Friday to submit a binding offer to buy the Bank of Cyprus, but the island’s largest financial institution could be out of reach as the House is expected one day earlier to vote on a bill that would authorize the government to block a hostile takeover on security grounds.

The prestigious International Tax Review EMEA Awards ceremony took place in London on 15th  September 2022. The ITR EMEA Tax Awards are now in their 18th year and offer an independent assessment of international tax professionals from 34 jurisdictions in Europe, Middle East and Asia (“EMEA”) across the previous 12 months.

Kyndryl Cyprus, the local subsidiary of the leading international IT infrastructure services provider, this week announced that it hosted a number of students at its Nicosia offices, giving them the opportunity to learn how a major company in the technology sector operates.

Shipping key players in Cyprus are more than relieved now that the EU has clarified sanctions provisions on carriages of certain Russian cargoes including coal and fertilisers, Philenews reported on Monday.