EU tax, new Cyta tar­iffs

Financial Mirror (Cyprus) - - FRONT PAGE -

The pro­fes­sional ser­vices sec­tor was brac­ing for a new EU-wide tax rate of 15% on in­ter­est from July 1, ex­pected to im­pact all high net-worth in­di­vid­u­als, while Cyta was about to in­tro­duce a new tar­iff pol­icy, with ISDN gong up 50% and ADSL un­changed, ac­cord­ing to the is­sue 621, on May 18, 2005.



With only 40 days to go for the EU Sav­ings Tax Di­rec­tive (EUSD) to kick in, pro­fes­sion­als were scram­bling to put the ac­count­ing and bank­ing de­tails of their high net-worth clients in or­der. The

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