Cyprus Signs Hong Kong Tax Pact as Q1 Employment Rises 0.4%

1 articles · Updated · kiprinform.com · Jun 13

Cyprus on Friday signed a double taxation agreement with Hong Kong aimed at eliminating income double taxation and curbing tax evasion and avoidance.
Eurostat data showed Cyprus' employment rate rose 0.4% in the first quarter of 2026 from the previous quarter, matching Belgium, Lithuania, Slovakia and Sweden, while Italy led with a 0.5% gain.
Across the EU, the employment rate for people aged 20 to 64 edged up to 76.3% in the first quarter from 76.2% in late 2025, placing Cyprus among the bloc's stronger labor-market performers.
Separately, the Central Bank of Cyprus said the number of Cyprus-based pension funds fell more than 30% over five years to fewer than 600 by end-2025, though the country still ranked third in the eurozone behind Ireland and Spain.