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Proposal of Finance Minister on corporate tax raise turned down, KEBE chairman announces
CNA - Kiriaki Demetriou - CYPRUS/Nicosia 07/08/2019 15:56

A proposal by the Ministry of Finance to raise corporate tax from 12.5% to 15% was turned down on Wednesday by the Cyprus Chamber of Commerce and Industry (ΚΕΒΕ), the Employers and Industrialists Federation (OEB), the Cyprus Investment Promotion Agency (CIPA), the Cyprus Investment Funds Association (CIFA), the Cyprus Bar Association and the Institute of Certified Public Accountants of Cyprus (SELK).
Representatives of the six organizations convened on Wednesday at KEBE headquarters, in Nicosia, to discuss the proposal.


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