Commencement of FATCA reporting cycle for 2016
The Cyprus Department of Taxation has announced the commencement of the FATCA reporting process in respect of the 2016 tax year. Financial institutions falling within the scope of FATCA are required to submit the requisite information electronically through the government web portal www.ariadne.gov.cy.
Simerini interview with Elias Neocleous
On 28 May Simerini, one of Cyprus’s largest daily newspapers, published a wide-ranging interview with Elias Neocleous, managing partner of the firm, setting out the events leading up to the establishment of Elias Neocleous & Co LLC, Elias’s vision for the future of the firm and his views on the future of the legal services […]
Double tax agreements: new agreement signed and existing agreement amended
[gdlr_row] [gdlr_column size=”1/4″] [/gdlr_column] [gdlr_column size=”3/4″] May 25, 2017 Author: Philippos Aristotelous Publisher: International Law Office Practice area:TAX LAW, TAX PLANNING AND ADVANCED BUSINESS STRUCTURING [/gdlr_column] [/gdlr_row] [gdlr_post_slider category=”publications” num_fetch=”3″ num_excerpt=”25″ caption_position=”bottom” thumbnail_size=”medium” orderby=”date” order=”asc” ]
Signature of the new double taxation agreement with Luxembourg
On 8 May 2017 the finance ministers of Cyprus and Luxembourg signed a double taxation agreement, the first between the two countries. Negotiations on the agreement had begun in 2007. According to the official announcement the text, which is based on the OECD Model Convention for the Avoidance of Double Taxation on Income and on […]
Protocol amending the Convention for the Avoidance of Double Taxation between Cyprus and San Marino
A Protocol amending the double taxation agreement between Cyprus and San Marino was signed on 19 May 2017 in Nicosia. The agreement has been in force since July 2007. Details of the amendments made by the Protocol, which will take effect only when it has been ratified by both countries, have not yet been released.
New Dynamic Between Cyprus and India Following Revised Tax Treaty
[gdlr_row] [gdlr_column size=”1/4″] [/gdlr_column] [gdlr_column size=”3/4″] May 23, 2017 Author: Philippos Aristotelous Publisher: Bloomberg BNA Tax Planning International Practice area:TAX LAW, TAX PLANNING AND ADVANCED BUSINESS STRUCTURING [/gdlr_column] [/gdlr_row] [gdlr_post_slider category=”publications” num_fetch=”3″ num_excerpt=”25″ caption_position=”bottom” thumbnail_size=”medium” orderby=”date” order=”asc” ]
“The law firm of the future”
Cyprus Weekly, the top-selling English-language newspaper in Cyprus, recently published a wide-ranging interview with Elias Neocleous, the managing partner of our firm. In the interview Elias set out the progress that has been achieved since the new firm was created, and his vision for the future of the firm, the legal profession and the Cyprus […]
European Court of Justice decides that national courts have the power to block “fishing expeditions” for tax information
In the wake of an ever increasing body of rules and regulations on the exchange of financial information on taxpayers and the significant recent shift from the traditional request-based (limited scope) procedure (typically invoking the relevant provisions of double taxation treaties) to automatic mass exchange of information (with FATCA and the Common Reporting Standard casting […]
Acquisition of WesternZagros Resources by Crest Energy International
On behalf of Crest Investment Company and Dentons Canada LLP we dealt with the Cyprus law aspects of the acquisition by Crest Energy International of all the outstanding shares of WesternZagros Resources Limited for a consideration of approximately USD 167 million. Crest Energy International is an affiliate of Crest Investment Company, a USA-based investment company […]
Overview of Cyprus-Barbados double tax agreement
[gdlr_row] [gdlr_column size=”1/4″] [/gdlr_column] [gdlr_column size=”3/4″] May 21, 2017 Author: Philippos Aristotelous Publisher: International Law Office Practice area:TAX LAW, TAX PLANNING AND ADVANCED BUSINESS STRUCTURING [/gdlr_column] [/gdlr_row] [gdlr_post_slider category=”publications” num_fetch=”3″ num_excerpt=”25″ caption_position=”bottom” thumbnail_size=”medium” orderby=”date” order=”asc” ]
