The Annual Lecture of the Minister of Finance, Mr. Makis Keravnos, took place with great success on Wednesday, April 2, 2025, on \u201cThe New Tax Reform in Cyprus.\u201d The event was hosted at the \u201cAnastasios Leventis\u201d Council-Senate Building of the University of Cyprus, in the presence of academics, institutional representatives, and interested citizens.<\/p>\n
In his speech, the Minister outlined the key aspects of the upcoming reform, clarifying that no further increase is planned for the tax-free income threshold beyond \u20ac20,500. He also emphasized that the increase in the corporate tax rate to 15% is modest but necessary to maintain the country\u2019s competitiveness.<\/p>\n
Special emphasis was placed on green taxation, with Mr. Keravnos noting that significant efforts are being made to minimize the financial burden on households and businesses, while simultaneously promoting the adoption of a more sustainable and environmentally responsible development model.<\/p>\n
The lecture concluded with a constructive discussion and questions from the audience, followed by a reception where attendees had the opportunity for further conversation and exchange of views.<\/p>\n