President Nikos Christodoulides on Tuesday said that the green taxation will begin by the end of 2024, addressing what he described as “a misconception” that it would start on April 1.  “Because people are under the impression that the green taxation will start on April 1, I want to confirm that will be implemented by the end of the year and that we are also working on compensatory measures and incentivisation,” he said before a cabinet meeting. Compensatory measures for consumers, meant to nudge businesses and individuals toward energy saving and other environmentally friendly habits, are in the process of being hammered out by various stakeholders.  Christodoulides urged his cabinet to start discussing them during Wednesday’s meeting.  “I want to hear your recommendations,” he told ministers before the start of the cabinet meeting.  At the beginning of March, Finance Minister Makis Keravnos on Friday offered assurances that the green transition and anticipated taxes would pose no threat to households or businesses.  Christodoulides also stressed the importance of the International Monetary Fund’s report on the operation of semi-governmental organisations.  “This is very important for me,” he said. “We must strengthen the existing framework of supervision and operation of semi-governmental organisations, and it is crucial that we proceed with the adoption of specific proposals.” (ICE BEIRUT)

Fonte notizia: Cyprus Mail