On June 2, the Cypriot Parliament voted the Law on Income Tax (N.118 (I) 2002) which is to be granted to individuals and in real estate owners' companies for a tax deduction against the total income tax for the year 2020 in case of reduction of rents.
The Cyprus Parliament has voted the reduction of the VAT rate from 9% to 5% from 1st July 2020 until 10 January 2021.
GHS (GESY) contribution rates for June 2020 are as follows based on announcement received from the Ministry of Labour
