Philippos Aristotelous, a partner in our Limassol office specialising in tax and international tax planning, was extensively quoted in Tax Analysts' recent coverage of the latest developments regarding the Cyprus-India double taxation agreement.

The Assessment and Collection of Taxes Law (Law 4 of 1978) and the Income Tax Law (Law 118(I) of 2002) have been amended to allow the publication of appeals rulings by the independent tax tribunal.

As technological advancements rapidly impact the legal industry, Michael Ioannou, Chief Information Officer of Elias Neocleous & Co LLC...

The Cyprus Deputy Ministry of Shipping (DMS) has announced that, in accordance with Regulation V/4 of The International Convention on Standards of Training, Certification and Watchkeeping...

The Department of Merchant Shipping recently issued a circular to owners, bareboat charterers, managers and representatives of ships flying the Cyprus flag informing them of proposed implementation...

The Merchant Shipping (Issue and Recognition of Certificates and Marine Training) Law of 2008 (Law 27(I)/2008) came into effect on 30 May 2008.

The Merchant Shipping (Port State Control) Amendment Law of 2009 (Law 60(I) of 2009), which came into effect at the end of June 2009, implements the provisions of Articles 7(3) (a) and 19 (a) of EU Directive 95/21/EC concerning “enforcement in respect of shipping using Community ports and sailing in the waters under the jurisdiction of the Member States of international standards for ship safety, pollution prevention and shipboard living and working conditions (Port State Control)” as amended by

The new aims to simplify and harmonise the administrative procedures applied to maritime transport under the Reporting Formalities for Ships Ariving and Departing from Ports of the Republic Law of 2012.

The Ministerial Notification also appoints the Central Bank of Cyprus as the competent authority for the authorisation and supervision of the banking-type ancillary services listed in Section C of the Regulation.

The Cyprus Securities and Exchange Commission has informed Cyprus Investment Firms that it regulates of a change in the treatment of contributions to the ICF for the purposes of calculating capital adequacy.

The deadline for multinational enterprise groups with a consolidated annual turnover exceeding EUR 750 million to submit country by country reports for 2016 was 20 October 2017.

Formal removal from the blacklist removes any doubts regarding the entitlement of Cyprus-resident companies to certain deductions and concessions contained in Spanish tax regulations...

The Cyprus Securities and Exchange Commission has issued a circular (C224 dated 14 July 2017) to Cyprus Investment Firms, administrative service providers, Undertakings for Collective Investment in Transferable Securities, UCITS management companies and Alternative Investment Funds and their managers that it regulates.

The Cyprus SEC has issued a statement drawing the attention of the businesses it regulates to their obligations under the anti-money laundering legislation.

Law 169(I) of 2017 and Law 170 (1) of 2017, which took effect on 1 December 2017, amend the Business of Credit Institutions Laws of 1997 to 2017 ...

The Spanish government has announced that the double tax agreement between Cyprus and Spain will enter into force on 28 May 2014.

In the autumn of 2014 we advised EBRD and DEG, the largest European development institutions, in connection with the refinancing of facilities provided to Tyazhpromarmatura JSC ("Oil & Gas Systems")...

An extremely attractive feature of the Cyprus tax system is the exemption from tax of profits from the sale of securities under the Income Tax Law of 2002.

Section 327 of the Companies Law provides that a company may be deleted from the register of companies if it appears to the registrar of companies that it is not carrying on business or in operation.

On 24 May the Central Bank of Cyprus released its latest statistics on Cyprus-based investment funds, produced on the basis of the revised European System of Accounts 2010, giving information as at 31 March 2018.