The Cyprus Press and Information Office has issued a release from the Minister of Finance announcing a new package of measures to support the economy in the response to the COVID-19 pandemic. The package was approved by the Council of Ministers on 7 May 2020, but still requires approval by the Parliament and the European Commission.
Tax-related measures of the package include tax relief for owners of real estate that is rented to individuals or legal entities. If owners reduce the rent amou…