Cyprus is currently deciding whether to raise the anti-crisis tax on savings larger than 100,000 euros to 12.5%, while reducing the levy on smaller amounts to 3 per cent, a source told Reuters.
The Cypriot government has been discussing with its European creditors the idea of reducing the levy on deposits smaller than 100,000 euros to 3 per cent, Reuters reported citing an anonymous source who is close to talks. Continue reading “Cyprus may raise deposit levy to 12.5% for large accounts – report”


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