Submission of reports under the Alternative Investment Fund Managers Directive
Article 3 (Exemptions) and Article 24 (Transparency Requirements) of Directive 2011/61/EU on Alternative Investment Fund Managers require AIFMs to report specified information (“transparency information”) to regulatory authorities about their activities and the funds they are managing and, where relevant, marketing. The Cyprus Securities and Exchange Commission’s review of the transparency information reported by AIFMs under […]
Extension of submission deadline for country by country reports
On 18 December 2018 the Cyprus Tax Department announced that the submission deadline for country by country reports for the year ended 31 December 2017 has been extended, from 31 December 2018 to 31 January 2019. For further information please contact Constantinos Christofi or your usual contact at Elias Neocleous & Co LLC.
Amendment of the double taxation convention between the United Kingdom and Cyprus
The United Kingdom and Cyprus signed a new double taxation convention on 22 March 2018. That convention is now in force and will take effect in 2019. One of the main substantive changes it makes relates to the taxation of pensions paid in respect of employment in the public service. Under the 1974 agreement which […]
Streamlining of company forms and procedures
A number of company forms and procedures, including those related to the transfer of seat of companies to and from Cyprus, have been revised and updated in accordance with the Companies (Fees and Rights) (Amendment) Regulations of 2018. In addition, the capital duty of 0.6% which was previously payable on the authorised share capital of […]
Tax on corporate transactions in Cyprus: overview
Author: ELIAS NEOCLEOUS, ELENA CHRISTODOULOU Law Firm: Elias Neocleous & Co LLC Publisher:International Law Office Practice area: CORPORATE AND COMMERCIAL
Strengthening of our presence in Western Europe
We are delighted to announce that we have strengthened our presence in Western Europe with the acquisition of Jurispectrum, a niche business law firm which operates in Belgium and Luxembourg. From the beginning of the new year, our expanded Brussels office will be headed by the experienced EU Law attorney Nikos Korogiannakis. Nikos, a member […]
New tax exemptions and allowances for the film and audio-visual production industry
In September 2017 the Cyprus government approved an initiative to encourage the development of the film and audio-visual production industry in Cyprus by means of grants, tax incentives and other assistance. Law 139(I) of 2018, which took effect on 11 December 2018, amends the Income Tax Law to provide tax exemption of income from production […]
Tonnage tax: countries whose ships are subject to surcharge
Dec. 17, 2018 Author: COSTAS STAMATIOU Law Firm: Elias Neocleous & Co LLC Publisher:International Law Office Practice area: ADMIRALTY AND SHIPPING
Amendments to Cyprus- Mauritius double tax treaty enter into force
Dec. 17, 2018 Author: ELENA CHRISTODOULOU Law Firm: Elias Neocleous & Co LLC Publisher:International Law Office Practice area: CORPORATE AND COMMERCIAL
Cyprus chapter of “International Secured transactions”
Dec. 17, 2018 Author: ELIAS NEOCLEOUS, ACHILLEAS MALLIOTIS Law Firm: Elias Neocleous & Co LLC Publisher:Thomson Reuters Practice area: BANKING AND FINANCE
