Woolworths (Cyprus) Woolworths (Cyprus) F. W. Woolworth & Co (Cyprus) Ltd was, until the end of 2003, the leading chain of upmarket department stores on the island of Cyprus with branches in all the major cities. The Cyprus company had its roots in the American parent F. W. Woolworth Company in the 1950s, which used its British arm to spread Woolworths stores throughout the British Empire. Initially there was only one Woolworths in Cyprus, in the capital city Nicosia, but in 1985 the company was sold to the local businessman Nicolas Shacolas (now OBE) who rapidly opened new stores in the island's
Capital gains tax the international arena, such as the TPG case in Australia and Vodafone case in India. The capital gains tax in Croatia equals 12%. It was introduced in 2015. As determined by the Cyprus Capital Gains Tax Law, Capital gains tax in Cyprus arising from the sale or disposition of immovable property in Cyprus or the disposal of shares of companies which own immovable property in Cyprus and not listed in a recognised stock exchange. These gains are not added to other income but are taxed separately. Payment of immovable property tax is paid by both individuals and companies on property