How families benefit from tax reform, see examples

Cyprus's tax commissioner, Sotiris Markidis, reports positive results from the recent tax reform, noting increased net income for approximately 200,000 individuals. About 30,000 individuals are projected to have zero income tax by 2026, and individuals earning over €2,100 monthly will be impacted. The reform also aims to improve the competitiveness of Cypriot businesses, benefiting over 30,000 small family businesses. Measures to enhance tax compliance will be implemented cautiously, and training seminars are being provided to help with the reform's application.