Discussions on Tax Reform and Party Proposals
December 18, 2025
Today, there is expected to be turmoil in the Parliamentary Economic Committee due to new law proposals submitted by parties for tax reform. AKEL is reintroducing eleven proposals aimed mainly at wealth taxation and tax relief for households. Among these proposals is a property tax for properties valued over €3 million and a reduction in VAT for certain services. However, the government does not seem to agree with these proposals, while the Ministry of Finance will propose different measures. Discussions on tax reform are expected to intensify.