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Act No 70(I) of 2000 to provide for the imposition of a special tax on the revenues of dockers and tally-men, and allow for the creation of a special fund for the payment of a loan concerning compensation of retired dockers and tally-men.

Main Region

First Region

Cyprus
Dock workers
2000
National
Law, Act

Second Region

Stipulates that all employers and merchant marine agents are obliged to pay a special tax of five per cent on the revenues of dockers and tally-men under their employ to enable the full repayment of a loan taken out to meet current needs for the compensation of retired dockers and tally-men. This tax is to be paid to a special fund created for this purpose, called "Special Fund for the settlement of the loan destined to compensate the retired dockers and tally-men". Provisions for the fund's organisation and management, along with the conditions for its repayment, and sanctions and penalties for non compliance are also set out.

Serial region

    Serial title
    Epissimos Ephimeris tis Dimocratias, Part I
    Date
    2000-06-02
    Number
    No 3410
    Page range
    pp. 1070-1073