Cyprus is reportedly extending the tax relief for rent reductions that has been introduced in response to COVID-19. With the relief, if owners reduce the rent amount for tenants that have been affected by the COVID-19 pandemic, they will receive a tax credit equal to 50% of the rent reduction amount provided that certain conditions are met, including that the rent reduction is no less than 30%. The availability of the tax credit for rent reductions is being extended until the end of 2021. In addition to extending the tax credit, relief from the special contribution for the Defense of...