Details of Cyprus-Luxembourg double taxation agreement released
[gdlr_row] [gdlr_column size=”1/4″] [/gdlr_column] [gdlr_column size=”3/4″] Jun 30, 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” ]
Proposed changes to the rules for determining tax residence for individuals
According to authoritative media reports a proposed law has been presented to the Cyprus parliament to amend the rules for determining tax residency of individuals in Cyprus. Under the existing law individuals are resident in Cyprus if they are physically present for at least 183 days in the tax year. The initial draft of the […]
A Preview Of The New Cyprus–Luxembourg Double Taxation Agreement
[gdlr_row] [gdlr_column size=”1/4″] [/gdlr_column] [gdlr_column size=”3/4″] Jun 28, 2017 Author: Philippos Aristotelous MARISSA CHRISTODOULIDOU Publisher: Wolters Kluwer 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” ]
Cyprus Securities and Exchange Commission guidance on changes in the persons who effectively direct the business of Cyprus Investment Firms
The Cyprus Securities and Exchange Commission has issued a circular to Cyprus Investment Firms (‘CIFs’) it regulates reminding them of their obligations under Article 32 of the Investment Services and Activities and Regulated Markets Law of 2007 to notify CySEC of any changes in the persons who effectively direct the business of the CIF. Article […]
Cyprus Tax Department guidance on exchange of information relating to the Common Reporting Standard
The Cyprus Tax Department has published guidance regarding automatic exchange of financial account information and other information relating to the Common Reporting Standard. The “Guidance Notes on Automatic Exchange of Financial Account Information” published on the department’s website, provide detailed, comprehensive guidance in English on the application of international agreements and Cyprus legislation on the […]
Payment of 2016 income and corporate income tax
[gdlr_row] [gdlr_column size=”1/4″] [/gdlr_column] [gdlr_column size=”3/4″] Jun 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” ]
Payment of income tax and submission of returns for 2016 for employees and self-employed individuals who are not required to produce audited accounts
The Cyprus Tax Department has issued reminders to taxpayers that the last payment date for 2016 income tax for employees and self-employed individuals who are not required to produce audited accounts (those whose turnover for the year does not exceed €70,000) is 30 June 2017. The income tax return must be submitted by 30 June […]
Extension of CRS Reporting submission date
The Cyprus Tax Department announced on 16 June that the submission date for CRS reporting for financial institutions has been extended until 21 July 2017.
The New Cyprus–Barbados Double Tax Agreement
[gdlr_row] [gdlr_column size=”1/4″] [/gdlr_column] [gdlr_column size=”3/4″] Jun. 15, 2017 Author: PHILIPPOS ARISTOTELOUS MARISSA CHRISTODOULIDOU Law Firm: Elias Neocleous & Co LLC Publisher: Wolters Kluwer Practice area: TAX LAW, TAX PLANNING AND ADVANCED BUSINESS STRUCTURING [/gdlr_column] [/gdlr_row]
Amendments to the Companies Law
Law 97(Ι) of 2016 amended the Companies Law Cap 113 in order to transpose the EU Accounting Directive (2013/34/EU) into domestic law with effect from 23 September 2016.. One of the most significant changes is the abolition of the exemption from audit that was previously available to small or dormant companies. Other changes relate to […]
