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Taxes in Cyprus are levied by both the central and local governments. Tax revenue stood at 39.2% of GDP in 2012. [1] The most important revenue sources are the income tax, social security, value-added tax and corporate tax, and are all collected by the central government. Income tax is levied on a progressive rate.
The economy of Cyprus is a high-income economy as classified by the World Bank, [3] and was included by the International Monetary Fund in its list of advanced economies in 2001. [1] [2] Cyprus adopted the euro as its official currency on 1 January 2008, replacing the Cypriot pound at an irrevocable fixed exchange rate of CYP 0.585274 per €1.
Health care in Cyprus accounted for 7% of its GDP in 2014. [1] Between 2010 and 2014, health care spending increased from $1,705 per capita to $2,062 per capita. [2] [3] Cyprus has a multi-payer health care system that consists of a public and private sector. [2] The public sector is funded by payroll, earnings taxes, and employer contributions ...
The Turkish invasion of Cyprus in 1974 de facto partitioned the island into two political areas: 99.5% of Greek Cypriots now live in the free areas of the Republic of Cyprus while 98.7% of Turkish Cypriots live in northern areas of Cyprus self-proclaimed as another state not recognised by any country other than Turkey (99.2% of other ...
Greeks in Cyprus number 659,115, according to the 2011 Cypriot census. There is a notable community of Cypriots and people of Cypriot descent in Greece. In Athens, the Greek Cypriot community numbers ca. 55,000 people. There is also a large Greek Cypriot diaspora, particularly in the United Kingdom. Diaspora
Paycheck. A paycheck, also spelled paycheque, pay check or pay cheque, is traditionally a paper document (a cheque) issued by an employer to pay an employee for services rendered. In recent times, the physical paycheck has been increasingly replaced by electronic direct deposits to the employee's designated bank account or loaded onto a payroll ...
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