Christodoulides announces sweeping tax reform plans

President Nikos Christodoulides on Tuesday announced his intention to introduce sweeping tax reforms.

Speaking at an event held to present the government’s proposals at the presidential palace, he promised his reforms will strengthen Cyprus’ middle class, which he described as the “foundation of every prosperous and democratic society”.

The most notable of his planned reforms is an increase in individuals’ tax-free incomes, while he also promised a “series of significant