tax reform economic equity

Evaluating Cyprus’ Proposed Tax Reforms

Cyprus’ proposed tax reforms aim to recalibrate personal income tax to tax family income, introduce a flat 20% personal income tax rate, and implement a uniform corporate tax rate of 20% for all business owners. The reforms also include fair taxes on immovable property, adjustments in VAT rates, and an environmentally conscious shift in road tax policy and the introduction of carbon emission taxes, all geared towards fostering sustainable finance and economic equity, as evaluated by noted entrepreneur Orestis Aristides.