The Cyprus Ministry of Finance has published the speech on the State Budget for 2022 that was given by Finance Minister Konstantinos Petridis in parliament on 9 December 2021. In the speech, the Minister discussed plans for comprehensive tax reform measures that are to be consulted on and finalized in 2022. The planned measures include the following: Increase in the corporate tax rate from 12.5% to 15% considering the OECD global tax reform that has been agreed to by Cyprus; Reduction or abolition of the extraordinary contribution on the calculated and/or actual distribution of dividends; Reduction of the rate of...