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Rough estimates suggest that a 20 percent tax on capital gains from crypto would have raised about $100 billion worldwide...

After approval by the Council of Ministers at its September 28 2016 meeting, Cyprus signed the Organisation for Economic Cooperation and Development's Multilateral Competent Authority Agreement...

The outbreak of the COVID-19 pandemic has affected not only public health and the well being of humanity, but also a number of economies, businesses and industries worldwide.

In a recent announcement, the Cyprus Tax Department has outlined a series of changes regarding the submission of Withholding Taxes & Imports Declaration (TF7) for the year 2024...

EU citizens and businesses have the freedom of cross border trade but since direct taxation is not consistent across the Member States, this meant that fair competition regulations could not be implemented.

On 21 February 2019, released Circular 231 was released which provides the Tax Authority's interpretative guidance in relation to the right of access or use of sport facilities.

On September 13, 2023, Cyprus Tax Department released guidelines on taxing rental income from self-service accommodations via online platforms like Airbnb and Booking.

You Won't Believe the Hidden Dangers of Auditing Cryptocurrency Companies...

According to the Income Tax Law of 2002, the Cyprus tax residency- based system constitutes individuals physically spending over 183 days within a tax year (1st January to 31st December) ...

The recently-enacted Law 33(I)/2018 amends the Law regarding Administrative Cooperation in the Field of Taxation of 2012 to 2017 to align domestic law with EU Directive 2016/881/EU...

The AEI is a mechanism enabling the national tax authorities to collect the taxes that are due on income and capital that their residents have in other jurisdictions.

BVI passed the Economic Substance Act, due to the lack of tax transparency in the territory, in order to avoid BVI to be included in the EU list of the non-cooperative jurisdictions for tax purposes.

The IT industry operates without borders, but this global reach brings its own set of taxation complexities. As a Tax and Legal Adviser for international companies, I've observed the unique challenges faced...

As factories, warehouses, and supply chains become smarter, businesses are investing in cyber-physical systems — highly integrated environments where information technology (IT), operational technology...

It also refers to the European Commission Action Plan for Fair and Simple Taxation Supporting the Recovery Strategy.

Cyprus has taken a major step toward aligning with OECD and EU tax governance standards by refining and strengthening its Transfer Pricing (TP) framework.

The Tax Department recently issued a circular1 clarifying the exemption from tax on interest received that is available to owners, charterers or managers of ships...