Tax and Pension Reforms Planned in Cyprus for 2025
January 29, 2025
The Cypriot government is planning significant tax and pension reforms for 2025, aiming to support the middle class and businesses. Tax exemptions will enhance disposable income and aid development. Additionally, compensation for impaired depositors will begin, along with support programs for youth and new businesses. Efforts to address housing issues will also intensify, backed by a new budget of 75 million euros.