NICOSIA – European Union sanctions against Russia for the invasion of Ukraine has hurt the bloc's shipping industry, especially on Cyprus, where the government wants a change in how it is taxed.
The recommendation is for automatic renewals of tonnage tax systems to keep ships operating from the i
External Affairs Minister (EAM) S Jaishankar on Friday said that reforms measures taken by the Modi government during the peak of the COVID pandemic have resulted in the highest-ever FDI flows in the country s history and the creation of the largest start-up ecosystem in the world.
A Norwegian-born Cypriot billionaire wants to move his shipping company to Cyprus to reap benefits, including an EU-approved tonnage tax regime available only to tax residents of the island, which is scrambling to keep its industry afloat amid sanctions against Russia
The shipping industry in the Republic of Cyprus can breathe a sigh of relief after the European Commission eased sanctions against Russian coal, following objection from Nicosia that saw stricter guidelines as a direct blow to its competitive advantage