tax evasion

tax evasion tax administration

The Challenge of Tax Evasion in Cyprus

Cyprus is facing a challenge with tax evasion, impacting its economy. Solutions include improving tax administration efficiency, digitalizing services, implementing stricter penalties, and simplifying tax return processes to reduce evasion and foster compliance.

tax reform income inequality

The Urgency of Tax Reformation in Cyprus

Tax reformation in Cyprus is pressing due to a regressive system that benefits the wealthy and leads to income disparities and tax evasion. Proposals include increasing progressivity, broadening the tax base, and adjusting brackets to alleviate burdens on lower and middleincome groups, highlighting the need for immediate action to address these challenges.

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