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By Charles Savva
On 18 May 2018, the Republic of Cyprus and the Principality of Andorra signed an agreement for the Avoidance of Double Taxation during the 128th session of the Ministers of Foreign Affairs of the Council of Europe, at Denmark.
By Charles Savva
Further to our newsletter of March 2018 we are now reverting with the second part for the summary of the transfer pricing guidelines as these are in place since July 2017.
By Charles Savva
The Cyprus Cabinet of Ministers on the 21st of May has implemented new provisions in the revised CIP.
By Charles Savva
The EU Regulation 2015/849 entered into force on 26th of June 2017.
By Charles Savva
Whether or not a legal obligation is created, will depend on whether the document that was signed and/or issued and/or delivered would be considered to fulfill the legal requirements imposed by applicable law...
By Charles Savva
Numerous important developments took place during 2017 and the first quarter of 2018 with regards to Cyprus signing new DTAs, Amending Protocols and other Protocols coming into force.
By Charles Savva
On March 22nd, 2018 a new treaty was signed between Cyprus and the UK, replacing the treaty that had been signed between the two countries in 1974.
By Charles Savva
As from July 2017, transactions between related parties are reviewed under Transfer Pricing Guidelines in order to identify the tax treatment and compute any tax amounts.
By Charles Savva
The Cyprus Tax Authorities issued a number of circulars covering various aspects, during January and February 2018.
By Charles Savva
Immigrant Investor Programs were designed to attract investment from HNWIs and entrepreneurs, by providing the right of residence and/or citizenship on an expedited basis.
By Charles Savva
According to data released by the Central Bank, Cyprus investment funds are on the rise. The total assets of investment funds increased by approximately €700 million on a quarterly basis...
By Charles Savva
On May 2017 an agreement was signed between the Republic of Cyprus and Barbados for the avoidance of double taxation.
By Charles Savva
The Interpretative Circular 222 for Holding Companies was issued on the 9th January 2018 by the Cyprus Tax Department aiming to explain the tax treatment of companies that are exclusively involved in the holding of shares in other companies.
By Charles Savva
On the 23 January 2018, The Code of Conduct Group of the European Council resolved the removal of eight of the originally listed 17 jurisdictions, (including UAE, South Korea and Panama) from the EU tax haven blacklist.
By Charles Savva
On 2 January 2018 the president of the Republic of Cyprus Mr Nicos Anastasiades accompanied by official government delegation visited the Kingdom of Saudi Arabia.
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