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New On The Lowtax Network Today
This feed is published daily with selected new or updated
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below. |
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| TODAY 11/03: Estonia
Summary PBTG Guide, added to Personal Business Tax Guide |
| 10/03 Lowtax
Labuan, annual update |
| 09/03 Word
Search Puzzle, on Lowtax |
| 08/03 Jobs
For All,
Jeremy Hetherington-Gore blog |
| 05/03 Belgium
Summary PBTG Guide,
added to Personal Business Tax Guide |
| 04/03 New
Lowtax Editor Column,
by Kitty Miv |
03/03  Personal
Business Tax Guide, PBTG, has launched!
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| Providing essential tax news and information
for globally mobile artists, contractors, entrepreneurs, professionals,
small businesses, sportspersons and entertainers. |
| 02/03 Personal
Equity Investment In 2010: Not Just For Expats…, Investors Offshore special feature
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| 24/02 Lowtax
Cyprus, annual update
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| 22/02 Lowtax
Brunei, annual update
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| 17/02 Dubai
- A Stately Business Dome Decreed, Investors Offshore special feature
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| 15/02 Lowtax
Australia,
major content expansion
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| 27/01 Lowtax
Germany, major content expansion
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One of the web's largest and most authoritative business and investment
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The resource for free online US taxation information, covering: corporate
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| NEW! Personal
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| Few Surprises In 2009 Cyprus Budget |
by Lorys Charalambous, Tax-News.com, Cyprus
Thursday, September 18, 2008
Despite projecting a budget surplus for the third consecutive year in 2009,
Cyprus's Finance Minister Charilaos Stavrakis has decided against providing
tax relief in the government's latest budget.
Announcing a 'steady-as-she-goes' budget this week, which was
approved by the cabinet on Wednesday, Stavrakis said that the government remains
committed to its goal of maintaining a fiscal surplus, expected to reach 0.7% of GDP in 2009.
Compared to some of its partners in the eurozone, the Cypriot economy remains
relatively robust thanks in large part to the strength of the business and financial
services sectors. However, Stavrakis cautioned against any rash budgetary moves
mindful of the fact that the global economic situation is more sensitive. Fiscal
discipline, therefore, seems to be uppermost in the government's thinking,
at least in the short-term.
While the government sees no need to raise taxes, the revenue base will be
strengthened through efforts to bolster the government's capacity to collect
taxes, Stavrakis announced.
The 2009 budget assumes revenues of EUR6.37bn (USD5.36bn), a 4.7% increase
since the 2008 budget, but Stavrakis warned that a sharp fall in domestic consumption
will lead to falling value-added tax revenues.
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