Cyprus President Promotes Use Of diakivernisi.gov.cy For Policy Oversight

President Nikos Christodoulides has encouraged citizens to use the diakivernisi.gov.cy platform to monitor government initiatives and compare policy commitments with their implementation.

Commitment To Transparency And Accountability

In a video message shared on social media, the President said citizens in modern democracies have the right to remain informed about government decisions and policies that affect their daily lives. He also stressed the importance of public scrutiny, noting that criticism contributes to improving the effectiveness and accountability of state institutions.

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Expanding Digital Access To Government Information

As part of broader efforts to increase transparency, the government has introduced annual presentations outlining its priorities and planned actions at the beginning of each year. According to Christodoulides, these initiatives are intended to give citizens greater visibility into government activities and enable them to evaluate progress throughout the year.

A Digital Platform For Monitoring Progress

The diakivernisi.gov.cy portal provides information on government projects and policy initiatives, allowing citizens, journalists and other interested parties to track their implementation. Designed to offer easy access to information, the platform aims to facilitate public engagement and provide users with an opportunity to submit feedback on government performance.

Call For Public Participation

Christodoulides urged citizens to visit the platform and share their views on the government’s work. He reiterated that transparency and accountability remain central principles of governance and emphasized the importance of maintaining dialogue with society.

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Cyprus Introduces 8% Crypto Tax As European Rules Diverge

by THEFUTURE.TEAM

June 16, 2026

Fragmented Crypto Tax Rules Across Europe

Although the European Union has introduced a common regulatory framework for digital assets through the Markets in Crypto-Assets Regulation (MiCA), taxation remains under the jurisdiction of individual member states. As a result, crypto investors face a wide range of tax regimes across Europe.

Cyprus Introduces Dedicated Crypto Tax Framework

Beginning January 1, 2026, Cyprus will implement a dedicated taxation regime for digital assets. The new framework imposes an 8% flat tax on net gains from cryptocurrencies such as Bitcoin and Ethereum, making it one of the lowest rates within the European Union. Taxable events will include the sale, exchange, or use of cryptocurrencies for payments and donations. Losses will only be offset against gains generated from crypto transactions within the same tax year, with no provision allowing losses to be carried forward.

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Diverging Approaches Across Europe

Several European countries have adopted markedly different policies. Greece is preparing legislation that would introduce a 15% capital gains tax on cryptocurrency profits, with the first €500 of gains exempt from taxation. Germany classifies cryptocurrencies as private assets. Gains are generally exempt from tax if the assets have been held for more than one year, distinguishing the country from many other European jurisdictions.

Other Key Jurisdictions

Portugal continues to offer favorable conditions for long-term investors, with private individuals generally exempt from taxation if digital assets are held for more than 12 months. Switzerland treats cryptocurrencies as part of personal wealth, subject to annual cantonal wealth taxes, while capital gains realized by individual investors are typically exempt. France applies a flat tax of 31.4% on cryptocurrency gains, combining income tax and social contributions. Italy recently increased the tax rate on crypto gains for individuals to 33%, up from 26%, while Spain applies progressive rates ranging from 19% to 30%, depending on the amount of profit realized.

The Netherlands And The Baltic States

The Netherlands uses a different model, taxing presumed returns on assets regardless of whether they have actually been sold. Tax treatment in the Baltic region varies. Lithuania generally imposes a 15% rate, rising to 20% for very high non-salary income. Latvia applies a 25.5% capital gains tax, while Estonia taxes cryptocurrency gains at the standard personal income tax rate of 22%, without exemptions for long-term holdings.

A Diverse Tax Landscape

Approaches to cryptocurrency taxation continue to differ significantly across Europe. Cyprus’ upcoming framework places the country among jurisdictions offering relatively low rates and dedicated rules for digital assets, while investors operating across borders continue to navigate a patchwork of national tax regimes.

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