Casinos in the north will have their tax bills halved after the passing of a new law, Turkish Cypriot opposition party MP Erkut Sahali said on Thursday.
Sahali sits on the north’s ‘parliamentary’ finance committee and explained to the Cyprus Mail that ‘parliament’ had on Monday approved a twofold reform on taxes levied on casinos.
The first pertains to an increase in the rates paid by casinos based on the number of tables and slot machines they own. Monday’s law change saw a 17 per cent increase in these rates, meaning casinos will now pay 17 per cent more on this particular tax.
