Cyprus - 2011 Party Law

Title Article 4
Article

4

(1) The political parties registered in the Registry shall be funded by the state so as to meet part of their operational and election expenses.
(2) The public funding of political parties is not subject to any tax or duty imposed and collected by law.
(3) The level of regular funding and aid to political parties is determined by the Council of Ministers, is included in the state budget, and is proportionally distributed to the parliamentary parties and to the non-parliamentary parties as it may be determined:
It being understood that the parliamentary parties will receive part of the public funding in equal shares, and the remaining part in proportion to their votes in the last parliamentary elections as it may be determined:
It being further understood that the parliamentary and the non-parliamentary parties shall be entitled to aid, provided that in the case of parliamentary elections their candidates cover at least half the number of the Parliament seats and two-thirds of the electoral districts, in the case of elections to the European Parliament at least half the number of the Republic's seats in to the European Parliament, and in the case of municipal elections at least half the total of municipal councillors and two thirds of the total number of municipalities.
It being further understood that non-parliamentary parties entitled to aid as above, where they were parliamentary parties during the immediately preceding legislative period and have become non-parliamentary at the last elections, shall be entitled to such aid for the immediately following parliamentary elections, the amount of which may be determined.

 

Categories - External oversight (Subject of monitoring)
- External oversight (Type of authority)
- Party finance (Direct public funding)
- Party finance (Indirect public funding)
Source http://legislationline.org/topics/country/36/topic/1/subtopic/16