The Cypriot parliament has approved a hike in the country's corporate tax rate from 10% to 12.5%, a measure required by the €10bn EU-IMF bailout. Parliament also approved increasing a levy on profits from deposits from 15 to 30 percent and raised a levy on bank transactions.
Monday, 22 April 2013
Monday, 15 April 2013
Cyprus - Eighth decree for temporary restrictive measures on transactions
Several updates have followed to first Decree regarding the temporary restrictive measures, issued by the Central Bank of Cyprus (CBC) on the 27th of March 2013.
Today a eighth Decree has been published with some modifications to the temporary restrictive measures on transactions.
As mentioned before the credit institutions reopened, the CBC will closely monitor developments and make appropriate adjustments to ensure the stability of the financial sector.
Read here the full text of the Decree, having the changes highlighted.
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