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Cyprus will proceed with a tax reform next year, including the increase of corporate income tax and the introduction of green taxation with a view to achieve its environmental targets, Finance Minister Constantinos Petrides has said. Speaking before the Parliament’s plenary ahead of the debate for the 2022 state budget on Thursday, Petrides said the tax reform will be “more fair, fiscally neutral” and will befinalised in 2022. Petrides noted that the global agreement over 15% taxation on global multinational companies “provides …
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