A new proposal from the Cyprus finance ministry says bank depositors with savings of 20,000 euros or less would be exempt from a levy, BBC News reported.
Amounts between 20,000 and 100,000 euros would face a 6.75% tax. The levy on savings above 100,000 would remain at 9.9%. The levy has enraged Cypriots.
The earlier plan was to tax all savings under 100,000 euros at 6.75%.
The controversial tax is a condition for Cyprus to get a 10bn-euro loan from the EU and IMF, to rescue its banks.
