A meeting on tax reform, chaired by President Nikos Christodoulides, took place on Friday morning at the Presidential Palace. The 90-minute session included the participation of key officials such as Finance Minister Makis Keravnos, Deputy Minister to the President Irene Piki, Tax Commissioner Sotiris Markides, and the team responsible for developing the tax transformation plan.

No public statements were made following the meeting.

>>Cyprus Tax Reform in Advanced Stages<<

The “Integrated Tax Transformation” project seeks to design a new tax system that will positively impact Cyprus’s economic growth, employment, and competitiveness. The reform also aims to ensure the sustainability of public finances and promote a fairer distribution of national income, aligning with the country’s Long-Term Strategic Development Framework.

The project has been entrusted to the University of Cyprus’s Economics Research Center, which will play a key role in shaping the new tax system.