Cyprus tax reform draws praise and criticism from business bodies

The Cyprus Chamber of Commerce and Industry (Keve) and the Institute of Certified Public Accountants of Cyprus (Selk) have set out their views on the government’s upcoming tax reform, expressing both support and serious concerns as the public consultation draws to a close today.

In a six-page memorandum submitted as part of the consultation, Keve welcomed the government’s determination to tackle tax evasion and improve tax collection, describing this as