legislative proposal Archives - New Cyprus Magazine

Legislative Proposal for Tax-Free Return of Student Belongings

MPs Irene Charalambides and Kyriacos Hadjiyiannis are advocating for a legislative proposal in Cyprus that would exempt students returning from nonEU countries from customs taxes on their personal belongings, aiming to ease their financial burden after studying abroad. This initiative not only recognizes the challenges faced by returning scholars but also fosters a welcoming environment for them to reintegrate into their home country.

Averof Calls for Fairness in Addressing 2013 Financial Crisis Aftermath

By Demis Papadopoulos

Averof Neophytou is pushing for a legislative proposal to allocate €60 million to the Solidarity Fund for Cyprus’s 2013 financial crisis victims, offering €8,000 for every €100,000 lost to help rebuild trust and bolster social cohesion. The initiative seeks to provide partial restitution and address the severe impact of the crisis on individuals and companies still struggling with the financial repercussions.

Bill Seeking Stricter Disabled Parking Penalties Falls Short

By Demis Papadopoulos

The proposal for stricter disabled parking penalties, including increased fines and criminal charges for repeat offenders, was rejected in parliament due to the current deterrent effectiveness and concerns about financial impact on families. Alternative measures such as towing away offending vehicles were suggested as lawmakers aim to balance punishment with proportionality and consider broader implications on families.