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1
Public Consultation On Proposed Legislation To Implement The EU Anti-Tax Avoidance Directive
The Cyprus Tax Department has opened a public consultation on proposed legislation to implement EU Directive 2016/1164, the Anti-tax Avoidance Directive, as amended by Directive E2017/952...
Cyprus
21 Nov 2017
2
Cyprus' Economy Continues Booming In 2017: +3,8%
After an economic boom in 2016, hitting 2,9%, the economy of Cyprus continues its upwards trend, expanding by 3,8% in 2017.
Cyprus
21 Nov 2017
3
Implementation Of MiFID II In Cyprus: Enhanced Investor Protection
This is the second in a series of articles on the implementation of Directive 2014/65/EU, (MiFID II), in Cyprus. Below we explore changes to the local industry that mandates greater investor protection.
Cyprus
20 Nov 2017
4
Cyprus Tax Residency In 60 Days
On the strength of the parliamentary resolution of the Cyprus House of Representatives, on the 14th July 2017, the rule of 183 days, as regards the determination of tax residency of individual persons in Cyprus...
Cyprus
17 Nov 2017
5
Amendment Of The Value Added Tax Law
The House of Representatives has recently voted and amended the Value Added Tax Law with a 19% VAT on plots, in line with the European acquis.
Cyprus
17 Nov 2017
6
Reduction Of Non-Performing Loans In The Cyprus Banking Sector
The latest figures on non-performing loans in the Cyprus banking sector published by the Central Bank of Cyprus show that progress is continuing to be made in reducing non-performing facilities
Cyprus
17 Nov 2017
7
Further Harmonisation Of EU Data Protection Laws: The Proposed New E-Privacy Regulation
The European Union is set to replace Directive 2002/58/EC on Privacy and Electronic Communications, commonly known as the e-Privacy Directive or Cookie Directive, with a new e-Privacy Regulation.
European Union
16 Nov 2017
8
Amendment To The VAT Law
he Cyprus parliament has passed an amendment to the VAT law imposing 19 per cent VAT on land transactions for business purposes, bringing it into line with the common EU system of VAT.
Cyprus
15 Nov 2017
9
Settlement Of Overdue Tax Liabilities Under Process Of Adjustment Of Tax Arrears Law
The Process of Adjustment of Tax Arrears Law 2017 (Law 4(I)/2017) established a procedure for settling tax arrears by monthly instalments, providing a waiver of up to 95% of interest and penalties and covering all nationally imposed taxes...
Cyprus
15 Nov 2017
10
Notional Interest Deduction
Via the 2018 Budget Laws, the Maltese Government seeks to introduce new rules regarding deductions of notional interest on risk capital.
Cyprus
15 Nov 2017
11
Obligations Of Cyprus Investment Firms Regarding Warnings On Complex Financial Instruments Marketed To Retail Investors Resident In Spain
The Cyprus Securities and Exchange Commission has issued a circular, number C248 dated 3 November 2017, to Cyprus Investment Firms it regulates...
Cyprus
14 Nov 2017
12
Tonnage Tax: Countries Whose Ships Are Subject To Surcharge (2017)
On the basis of the annual report of the Paris MOU for 2016, the Department of Merchant Shipping has determined that the flags listed below are included in the relevant grey or black list...
Worldwide
14 Nov 2017
13
Indirect Tax Newsletter 75
On 03/11/2017, the House of Parliament voted the long awaited amendment of Cyprus VAT Legislation concerning taxation of building land, in order to align it with the provisions of EU VAT Directive.
Cyprus
14 Nov 2017
14
Ενημερωτικό Έντυπο ΦΠΑ 75
Στις 03/11/2017, η ολομέλεια της Βουλής ψήφισε τροποποίηση στην περί ΦΠΑ Νομοθεσία με σκοπό την εναρμόνισ
Cyprus
14 Nov 2017
15
Automatic Matching Of VAT Payments
The Cyprus Tax Department has announced that, following the latest improvements of the TAXISnet system for electronic submission of VAT returns...
Cyprus
13 Nov 2017
16
Procedure For The Settlement Of Overdue Tax Liabilities By Instalments
The Cyprus Tax Department has issued an announcement informing taxpayers who have applied to participate in the scheme for settlement of overdue tax liabilities by instalments that failure to comply ...
Cyprus
13 Nov 2017
17
Cyprus International Trusts – Welcoming Changes To The 1992 International Trust Law
On 9th of March 2012 the Cyprus Parliament enacted Law 20(I)/2012 by which the Cyprus International Trust Law 69(I)/1992 was amended and modernized taking into account the needs arising from the international economy today.
Cyprus
9 Nov 2017
18
MiFID II And Cyprus: Ready For 2018
Cyprus has given full effect to Directive 2014/65/EU, (MiFID II), through the enactment of the Investment Services and Investment Activities and Regulated Markets Law 2017 (New IS Law).
European Union
9 Nov 2017
19
Cyprus Tax Residency Requirements: 60 Days Of Stay In Cyprus
Prior to the amendment, a Cyprus tax resident was an individual who had remained in Cyprus for at least 183 days in one calendar year.
Cyprus
9 Nov 2017
20
The End Of The Exchange Period For Cyprus Pound Banknotes
As the tenth anniversary of Cyprus's adoption of the euro as its national currency on 1 January 2008 approaches, the Central Bank of Cyprus has issued a reminder on its website that the period for the exchange of...
Cyprus
8 Nov 2017
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