2,291 results found

DAC6 refers to the "Directive on Administrative Cooperation", specifically its sixth amendment (thus "DAC6"). It is a European Union directive that aims to promote transparency and fairness in taxation.

Following the issuance of a Decree by the Council of Ministers, the VAT Act was amended so that the zero VAT

The European Commission has issued a press release on 12/4/2021 according to which it has proposed to exempt from Value Added Tax (VAT) goods and services made available by the European Commission...

Explore the latest amendments in the Bulgarian Corporate Income Tax Act, including the introduction of an additional tax for multinational and large national enterprise groups, effective from January 1, 2024.

The COVID-19 pandemic has led to the imposition of various measures on a global scale which have inevitably put restrictions on the physical presence of persons at their workplaces.

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.

Recent developments within the Eurozone has urged many companies to re-domicile in countries with more tax incentives and less capital control restrictions. Why Cyprus?

The Cabinet of Ministers on the 10th of May 2022, approved a new tax incentive scheme aimed at attracting foreign companies to relocate their headquarters/offices to Cyprus and also to attract high-skilled foreign employees.

All Legal Entities who are involved in financial transactions or operate within today's financial system, must have registered a LEI code.

On the 2nd of November 2018, the Central Bank of Cyprus (the "CBC") issued a circular with the purpose of clarifying the definition of "Shell Companies" and how the service providers and banks should classify them.

The "Cyprus Digital Nomad Visa" Scheme allows nationals from non-EU and non-EEA countries, who can perform their work location-independently using telecommunications technology

For companies active in the development and licensing of intellectual property (IP) rights, efficient ownership structuring is vital. The direction of the relevant licence payment is also important so as to make transactions as tax efficient as possible.

Any person interested in technology, business, or even just general global affairs must have come across the term ICO.

Details of the new double tax treaty between Cyprus and Kuwait have now been made public.

The Process of Adjustment of Tax Arrears Law 2017 establishes a procedure for settling tax arrears by monthly instalments (for further information please see "New law for payment of tax arrears by instalments").

The Cyprus parliament has passed a law amending the Income Tax Law to bring its provisions on taxation of income from the use or sale of intangible assets into line with the "modified nexus" approach.

Following the visit of Russian President Medvedev to Cyprus and the signing of the Protocol to the double taxation agreement on behalf of the governments of both countries, it was expected that the amended treaty would be ratified by the Parliaments of the two countries before the end of 2010 and would become effective from 1 January 2011.