Welcome to our 5 minute tax update broadcasted monthly. The aim of our tax webcasts is to provide a brief summary of local and international tax events impacting Cyprus.
In this Tax Webcast, we cover the following topics:
1. Local tax developments
1. 1 Approval of the National Health Scheme law by the House of Representatives
1. 2 Proposed bill amending the Income tax law in relation to the definition of tax residence
1. 3 Notification under the Law Regulating the Settlement of Overdue Taxes
1. 4 Announcements of the Tax Department
2. International tax developments
2. 1 Approval of the Intellectual Property Framework
2. 2 Revised Decree on Country by Country reporting
2. 3 Signing of the Multilateral Convention Implementing BEPS measures
3. Tax Diary for July 2017
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.