In Cyprus, there have been several statutory changes enacted on 26 August 2011 to the countrys tax laws. We highlight key changes potentially affecting individuals and their multinational employers. 1 Tax Rate Increase The top income tax rate for individuals has been increased to 35 percent from 30 percent, for amounts in excess of 60,000 [...]Related posts:Icelands Parliament Approves New Tax, Social Security Measures Affecting IndividualsGreece’s Modified Compliance Measures for Late FilersLuxembourg and New Tax Measures Planned