Cyprus: Agreement on Bank Asset Tax

Politics ♦ Published: March 23, 2013; 20:22 ♦ (Vindobona)

Today, the Cyprian government has come to a solution on the compulsory charges on bank accounts.

Cyprus: Agreement on Bank Asset Tax / Picture: © Bank of Cyprus

Cyprus has, according to the statements of high representatives of the Cyprian government, come to an agreement with the EU, the European Central Bank (ECB) and the EU Commission. One has agreed upon a one-time-only charge of 20 % of all assets deposited in the Bank of Cyprus which exeed the amount of € 100,000. For assets above the amount of € 100,000 in other banks, a…

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