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Posted in News, News for Cyprus
Cyprus Tax News: Refunds on GHS
The Health Insurance Organization (HIO) has issued instructions regarding the refund process for contributions paid in excess of the maximum amount on which contributions were due.
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Posted in News, News for Cyprus
Cyprus Tax News: Multilateral Instrument ratified
The Instrument of Ratification of the Multilateral Convention to Implement Tax Treaty Related Matters to Prevent Base Erosion and Profit Shifting (more widely known as the Multilateral Instrument) was published on 22 January 2020…
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Posted in News, News for Cyprus
Cyprus Tax News: Relief on interest and penalties
The Cyprus House of Representatives has passed a new Law earlier this month that provides significant reliefs (from 50% up to 95%) on interest and penalties on overdue taxes…
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Posted in News, News for Cyprus, News for Greece
The first Andersen Global Newsletter has been released
We’re pleased to share with you that Andersen Global has just launched a global newsletter for alumni and friends of the firm.
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Posted in News, News for Cyprus
Cyprus Tax News: VAT Refund of Plot land
The Cyprus tax authorities announced on 24 September 2019 that individuals who had purchased undeveloped building land on or after 2 January 2018 for the sole purpose of constructing a dwelling to be used as their principal and permanent place of residence would be entitled to a partial refund of the VAT paid.
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Posted in News, News for Cyprus
Deemed dividend distribution due end of 2019
Cyprus tax resident companies must declare at least 70% of their 2017 accounting profits by 31 December 2019 and pay the resulting special contribution for defence of 17% and National Health Contribution of 1,7% by 31 January 2020
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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.
