Israel: Parliament Passes Multi- Year Reform in First Reading / Court Issues Ruling on MAP in Tax Treaties.

I would like to welcome you to Deloitte’s annual Cyprus tax facts.

Deloitte's annual Cyprus Tax Facts is part of our firm's endeavour to provide comprehensive and up to date information to taxpayers.

A Global Residence Programme ("GRP Rules") has been introduced with effect from 1 July 2013 for individuals who are not nationals of the EU, EEA or Switzerland in terms of Legal Notice 167 of 2013 and Article 56(23) of the (Malta) Income Tax Act, Chapter 123 of the Laws of Malta ("ITA"), and which GRP Rules confer on the successful applicant a special tax status.

A number of controversial issues remain unresolved with respect to the interpretation of the German thin capitalization rules. One issue, in particular, concerns third party debt with shareholder recourse.

Cyprus tax facts has proven to be a useful tool for all businesses and individuals wishing to have up to date information on the tax environment in Cyprus.

From its influence on infrastructure development, job creation, and contribution to gross domestic product on both an overall and per capita basis, a strong manufacturing sector creates a clear path toward economic prosperity.

To support your annual Statement of Internal control, you need an effective Internal Audit Function which maximises assurance whilst adding value to operational processes.

An individual who is tax resident in the Republic of Cyprus (the Republic), is taxed on income accruing or arising from sources both within and outside the Republic.

The global accounting firms have been swept up in the accounting scandals that have plagued many Chinese firms listed on American stock exchanges.

The past year has been a defining one for the global chemical industry.

An SEC ALJ issued an initial decision to suspend the Chinese affiliates of the Big Four accounting firms from practicing before the SEC for six months.

This article covers recent tax developments in Canada, Chile, Mexico and The United States.

Two US court decisions within the last 12 months have demonstrated the perils for international networks when member practices are sued in the US. These decisions coincide with a period in which closer links are being forged within some of the largest networks.

The new Ordinance includes measures designed to enhance corporate governance, ensure better regulation, facilitate business and modernize the law.

In 2008 steel industry consolidation—which had accelerated at a blistering pace over the past decade—hit a brick wall. With the advent of the global economic decline and, in particular, the freezing of credit markets, demand plummeted and the availability of financing to support transactions all but disappeared.