This paper discusses the fiscal implications of the Cyprus’ full membership in the EU. Two aspects are covered: first, tax harmonization in Cyprus and second, the implications of the European budget. It is shown that although the Cyprus’ tax system differs from the EU member countries, in...

This paper discusses the implications of the Cyprus’ relations with the European Union. After a short review of recent developments in the Cyprus’ economy and the evolution of the country’s relations with the EU, the paper attempts an evaluation of the implications of the customs union...