The new double taxation agreement between Cyprus and Andorra
On May 18, 2018, Cyprus and Andorra signed a double taxation agreement, the first between the two countries. The agreement is closely based on the latest OECD Model Convention and, in line with the OECD Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS, also includes a preamble making clear that it is […]
New double tax agreement between Cyprus and Andorra signed
The Ministry of Finance has announced that Cyprus has signed an agreement for the avoidance of double taxation with the Principality of Andorra. Negotiations on the agreement had been in progress for several years. The text of the agreement has not yet been published, but according to the announcement it is based on the OECD […]
Cyprus Securities and Exchange Commission guidance on binary options and contracts for difference
The Cyprus Securities and Exchange Commission (CySEC) has issued a circular (C271 dated 4 June 2018) to regulated Cyprus Investment Firms informing them that following publication of the European Securities and Markets Authority’s product intervention decision on binary options and contracts for difference in the Official Journal of the European Union on 1 June 2018, […]
Amendments to the VAT Law
The VAT Law has been amended to explicitly bring the transfer of the effective right to dispose of immovable property within the scope of VAT. The Value Added Tax (Amending) Law of 2018 (Law 39(I) of 2018) amends the second and eighth schedules to the VAT law to effect the change, which will take effect […]