The proposed measures would increase the corporate tax rate from 12.50% to 15% and abolish deemed dividend distributions rules.The current personal income tax rates would be maintained, with an increase in the bands.Certain tax advantages would also be retained. Executive summaryOn 26 February 2025, the Economics Research Centre1 of the University of Cyprus presented its blueprint for tax reform to key stakeholders, including members of the business community, business associations and professional bodies. The blueprint will go through a public consultation process. Once the public consultation process is completed, the Ministry of Finance will prepare the bills that will be submitted...