Cyprus tax reform favours higher earners

The Central Bank of Cyprus (CBC) has found that Cyprus’s 2026 personal income tax reform will deliver its largest financial gains to upper-middle-income and high-income households, according to a recently published working paper. The paper, titled Assessing the Distributional and Fiscal Impacts of Cyprus’s Personal Income Tax Reform, was prepared by Aris Avgousti, Charalambos Michael […]