Thousands Of Overdue Cyprus Tax Cases Expire, Resulting In Millions In Lost Revenue

by THEFUTURE.TEAM

August 11, 2025

Fiscal Oversight Failure Threatens Public Funds

Cyprus is facing a significant loss in tax revenue as thousands of cases fall outside the statutory timeframe for assessment. According to the latest audit service report, the state risks forfeiting millions in unpaid taxes, undermining fiscal discipline and governmental funding.

Expired Assessments Undermine Revenue Collection

The audit revealed that 139,078 individual tax cases from 2014 to 2017 can no longer be assessed or amended due to lapse in the legal timeframe of the superintendent’s jurisdiction. Corporate liabilities are similarly affected, with an additional 6,070 outstanding taxes from the same period rendered unenforceable. This statutory expiry highlights the critical need for timely audits and due diligence in tax administration.

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Widening Gap in Tax Compliance

The report further indicates that numerous taxpayers with taxable income, yet to file their returns, are not factored into current pending tax assessments. This omission compounds the risk of missed revenue, placing additional pressure on fiscal management and policy enforcement.

Declining Trends In Tax Assessments

In a concerted effort to eliminate arrears, the tax department issued 789,519 assessments in 2024, a decrease from 943,413 in 2023 and 905,967 in 2022. Despite these efforts, between 12,254 assessments for the years 2014–2016 issued in 2023 and 11,428 for 2014–2017 issued in 2024 have lapsed under legal constraints. Such delays predominantly affect legal entities, accentuating the need for a streamlined approach to audit and collection practices.

Call For Enhanced Scrutiny And Prompt Action

Critics argue that many assessments from the past two years were imposed without adequate auditing or income adjustments. With high-risk sectors such as construction and land development, along with businesses suffering prolonged losses, under scrutiny, it is imperative that the tax authority re-evaluates its processes. Prioritizing high-risk cases and ensuring assessments occur within the legal timeframe is vital to safeguarding public funds and bolstering fiscal integrity.

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Cyprus Ranks Among EU Leaders In Tertiary-Educated ICT Workforce

by THEFUTURE.TEAM

May 25, 2026

High Educational Attainment Sets Cyprus Apart

Recent data from Eurostat showed that Cyprus is expected to rank among the leading European countries for tertiary-educated ICT professionals in 2025. According to the figures, 96.4% of ICT professionals in Cyprus are projected to hold tertiary education qualifications, placing the country among the highest-ranked members of the European Union.

Gender Disparity Remains A Critical Challenge

Despite the high level of educational attainment, the ICT workforce in Cyprus continues to show a significant gender imbalance. Men are projected to account for 85.1% of ICT employees in 2025, while women are expected to represent 14.9% of the sector. In 2024, the split stood at 70.9% for men and 29.1% for women. The figures highlighted a widening gender gap within the country’s ICT workforce.

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European Union Trends And Comparative Analysis

Across the European Union, the number of ICT professionals is projected to increase to 3.4 million in 2025 from 3.2 million in 2024, representing annual growth of 5.1%. Men are expected to account for 83.4% of ICT employment across the bloc, equivalent to approximately 2.8 million workers, while women are projected to represent 16.6%.

National Performance Variability In Gender Representation

Countries within the EU show a varied landscape: the highest percentages of male ICT professionals are reported in the Czech Republic (92.9%), Slovenia (89.1%), Latvia (89.0%), Lithuania (88.9%), and Slovakia (88.4%). On the contrary, nations such as Denmark (30.0%), Sweden (29.8%), Romania (28.6%), Bulgaria (25.6%), and Croatia (25.2%) lead in female participation in the ICT arena.

Educational Background Across The European ICT Sector

Eurostat data also showed that most ICT professionals across the EU hold tertiary education qualifications. By 2025, 74.8% of ICT workers in the bloc are projected to have university-level education, while 25.2% are expected to hold secondary or post-secondary qualifications. Denmark recorded the highest share of tertiary-educated ICT professionals at 97.7%, followed by France at 96.6% and Cyprus at 96.4%. Other countries with high levels of tertiary-educated ICT workers included Ireland at 92.3%, Bulgaria at 91.1%, and Croatia at 90.9%. At the lower end of the ranking, Italy recorded 69.2%, while Portugal stood at 58.8%.

Conclusion

The data perfectly encapsulates the dual narrative in the ICT sector: while countries like Cyprus and Denmark achieve remarkable educational standards among ICT workers, persistent gender disparities remind us that diversity remains an ongoing challenge. As the ICT landscape continues to evolve, strategic policy formation and corporate governance will be pivotal in balancing excellence with inclusivity.

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