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Posted in News, News for Cyprus
Cyprus Tax News: Tax Allowances Individuals
On 19 December 2019, an amending Income Tax Law (ITL) was published in the Cyprus Official Gazette, providing for an increase to the annual limit for certain allowances which are deductible from an individual’s taxable income.
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Posted in News, News for Cyprus
Cyprus-Ukraine Double Tax Treaty
On 30 October 2019, the Ukrainian parliament approved the ratification of the Cyprus-Ukraine DTT protocol, which was signed back in 2015. The Protocol is now in force and will be in effect from 1st January 2020.
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The Future of the Legal Profession
There are many aspects of our working and personal live that have already been transformed in some way and there is a significant wave of change still to come. Despite the shift in the way we live and work, it is more than clear that the relationship of legal practitioners with their clients remained unchanged.
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Posted in News, News for Cyprus, News for Greece, TELECOMMUNICATIONS, MEDIA & TECHNOLOGY (TMT) PRACTICE
Technological advancements and their Impact on the Practice of Law
Over the past several years, technology has had a significant impact on the practice of law. Several technological innovations have come out recently that are changing the legal profession on significant basis.
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Posted in News, News for Cyprus, TAX LAW PRACTICE
Cyprus signed a new tax treaty with Egypt
On 8 October 2019, Cyprus signed a new tax treaty with Egypt.
The treaty is going to replace the existing tax treaty between the two countries that has been in effect since 1996. -
Posted in News, News for Cyprus
Cyprus: New administrative penalties for late filings to the Registrar of Companies
Following recent amendments to the Cyprus Companies Law, Cap. 113 (“the Law”), the Registrar of Companies will impose administrative penalties on certain filings submitted after the prescribed timeframes as provided by the Law. The imposition of the administrative penalties will be effective from 18 December 2019
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Posted in News, News for Cyprus, TAX LAW PRACTICE
Cyprus companies: Methods of dissolving a Cyprus company
Often, the question arises how a company can be ‘killed off’. In common law jurisdictions, there are two main methods: strike – off and liquidation.
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Posted in News, News for Cyprus, TAX LAW PRACTICE
Cyprus: Transfer Pricing required in 2018 Corporate Income Tax Declaration
The Cyprus Tax Department has issued the 2018 Corporate Income Tax Declaration, which requires to confirm whether a Transfer Pricing study for intra-group financing arrangements has been prepared.
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Posted in News, News for Cyprus
Cyprus: VAT on building land reduced to 5%
The Cyprus Council of Ministers decided earlier this month to reduce the VAT rate on building land from 19% to 5% in the form of a refund, under certain conditions.
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Article: No restrictions in the provision of Airbnb services in the E.U.
Following a complaint from French AhTop Association, which represents 30,000 hotels and syndicates, against Airbnb Ireland, the Advocate General of the Court of Justice of the European Union (CJEU), Mr Maciej Szpunar, in his Opinion of Tuesday 30 April (Case C-390/18)…
