Cyprus cracks down on 5% VAT fraud 

Politis reports that increased scrutiny is being placed on homes located in Cyprus’ coastal regions as the Tax Department ramps up inspections to verify whether these homes are genuinely being used as primary residences and justifiably benefitting from the reduced 5% VAT rate on their purchase price or construction costs. 

Read more: https://tinyurl.com/3mfhf9ty 

CSLR levy cut by more than 30% 

The Mortgage & Finance Association of Australia (MFAA) has welcomed updated levy estimates for the Compensation Scheme of Last Resort (CSLR), which show a significant reduction for the credit intermediary sector. The revised estimate for the 2025–26 financial year brings the levy down from the original $2.723 million announced in January to $1.833 million, reflecting a drop of more than 30%. 

Read more: https://tinyurl.com/yvp2satn