561 results found

The Tax Department has announced an extension of the time allowed for banks and other financial institutions to submit their corporate tax returns for the 2017 tax year.

The Tax Department has announced that the double tax agreement with Bahrain, which was signed on March 9 2015, entered into force on April 28 2016...

Elias Neocleous is the author of the Cyprus chapter of the third edition of the LexisNexis® Guide to FATCA Compliance, which was published earlier this month.

The Cyprus tax authorities have issued a circular on the practical application of the provisions introduced in 2015 for a notional interest deduction (NID).

In order to ensure compliance with EU Directive 2015/2376/EU amending EU Directive 2011/16/EU on the compulsory automatic exchange of information in the field of taxation –

The UK's plan to abolish the non-domiciled resident tax status (April 2025) creates uncertainty for high-net-worth individuals.

Cyprus has an advantageous environment for inward investment, providing various incentives to encourage non-residents to set up a business in, or invest through, Cyprus.

On October 29 2014 Cyprus became one of the 51 jurisdictions to sign the new Organisation for Economic Cooperation and Development.

On 6 August 2015, Deloitte Russia and Deloitte Cyprus held a joint webinar. The webinar was dedicated to the recent and expected changes in the Cyprus tax legislation...

As reported in previous issues of this newsletter, in November 2011 the Cyprus Parliament enacted a law allowing for a partial write-off of interest and penalties on overdue tax liabilities of companies and individuals in respect of tax years up to and including 2008.

The Process of Adjustment of Tax Arrears Law 2017 (Law 4(I)/2017) established a procedure for settling tax arrears by monthly instalments.

Towards the end of 2012 the Parliament has enacted a number of amendments to the tax and company laws.

Following the introduction of the bail-out package agreed between the European Union, the European Central Bank and the International Monetary Fund on the one hand and the Cyprus government on the other, the two largest banks in Cyprus will be merged and considerably downsized.

October 30 2009 Cyprus tax legislation does not contain specific provisions relating to the thin capitalization of companies, such as limits on debt-to-equity ratios.

The long-awaited removal of Cyprus from the "List of the States and Territories providing preferential tax treatment and (or) not requiring disclosure and furnishing of the information upon conducting of financial transactions (offshore zones)" appended to Order 108n of the Ministry of Finance of the Russian Federation dated 13 November 2007 took effect from the beginning of 2013.

The Tax Department recently issued a circular clarifying the taxation of insurance agent earnings.(1) A representative of an insurer who is not in an employment relationship with that insurer ...

Cyprus was the last member of the European Economic Area with which the Netherlands did not yet conclude a double tax treaty.