Cyprus Direct Tax Revenue Rises 12% in January to October Period

Nov. 18 (Bloomberg) - Cyprus’s direct tax revenue in January to October rose 12 percent to 1.6 billion euros ($2.1 billion) compared to the year before, the Inland Revenue Department said.

Revenue from corporate tax and the defense levy rose 20 percent and 17 percent compared to the year before to 566.2 million euros and 363.1 million euros respectively, the IRD said in a statement on its Web site today. Income tax from employees rose 9 percent to 460.2 million euros.

To contact the reporter on this story: Stelios Orphanides in Nicosia at

To contact the editor responsible for this story: Craig Stirling at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.