Cyprus's government is now reportedly considering a tax-free threshold for smaller bank deposits...

|By:, SA News Editor

Cyprus's government is now reportedly considering a tax-free threshold for smaller bank deposits as it attempts to win over legislators for a plan to impose a one-time levy on savings ahead of a parliamentary debate later today. At the moment, the publicized plan is to tax deposits under €100,000 at 6.7% and those above that level at 9.9%.