Cyprus is a high-taxing country

Taxation is perhaps the ultimate political act in a democratic society. It’s not just about raising revenue and spending it; it’s also about the kind of society we want to be—how inclusive or exclusive—and the spending programmes we’re going to have and how we’re going to fund them.

Therefore, taxation is a crucial instrument of public policy, and it shapes society. Well-designed taxes can promote stability, justice, and a nation’s