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Posted in News, News for Cyprus, News for Greece, TAX LAW PRACTICE
Global Mobility Guide
Andersen’s European Global Mobility team is committed to making the process of international employment as effortless as possible for clients. Our professionals are available to provide support and guidance in navigating the complexities of relocating employees.
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Posted in News, News for Cyprus
Cyprus Tax News: FAQs on Transfer Pricing
Cyprus Tax Department has published on the web page a section concerning Frequently Asked Questions (FAQs) in connection to Transfer Pricing (TP) requirements. This update clarifies the exemption thresholds and reporting requirements.
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Posted in News, News for Cyprus, News for Greece, TELECOMMUNICATIONS, MEDIA & TECHNOLOGY (TMT) PRACTICE
Beyond the Hype: Real-World Applications of AI
The Andersen European Technology Industry Group has recently issued a document discussing the rapid growth of Artificial Intelligence (AI) and its impact on our daily lives.
AI is no longer a futuristic concept. Healthcare, banking, and manufacturing are just a few of the industries that have used AI. Only a small portion of AI’s vast potential has even begun to be explored. -
Posted in News, News for Cyprus, News for Greece, TELECOMMUNICATIONS, MEDIA & TECHNOLOGY (TMT) PRACTICE
ChatGPT and Employees
ChatGPT (Chatbot as a Generative Pretrained Transformer), the most prominent current example of Generative Artificial Intelligence (AI), is an artificially intelligent chatbot designed by “OpenAI” and supported by Microsoft. Although ChatGPT has received very positive reviews and has been described as “the best artificial intelligence …
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Posted in News, News for Cyprus
Transition from TAXISnet to TFA – Stage 1
The Commissioner of Taxation issued an alert on 17 March 2023, informing the public of the commencement of the first stage of the new platform Tax For ALL (TFA), on 27 March 2023. Through its alert, the Commissioner informs…
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France’s data protection authority fined Discord for various GDPR violations
The French Data Protection Authority (“CNIL”) has issued a decision fining the owner of the messaging and digital distribution platform Discord €800.000 for non-compliance with GDPR requirements on retention periods and the security of personal data.
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Data Protection Day
On 26 April 2006, the Council of Europe decided to launch a Data Protection Day to be celebrated each year on 28 January, the date on which the Council of Europe’s data protection convention, known as “Convention 108”, was opened for signature.
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Posted in News, News for Cyprus
Back-to-Back financing arrangements retroactively terminated
The Commissioner of Taxation issued Circular 1/2023, which states that the provisions relating to “back-to-back” financing arrangements are retroactively terminated as of 31 December 2021. Based on the above, the application of the simplification measures on the intra-group “back-to-back”…
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Posted in News for Cyprus, News for Greece, TAX LAW PRACTICE
R&D Incentives Reference Guide
Activities related to research, development, and innovation (R&D&I) are crucial for enterprises. A large proportion of corporations is engaged in research, development, and innovation (R&D&I) activities since an innovative approach is inevitable for long-term success. However, most of them are unfamiliar with the concept of R&D…
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The M&A market in Europe: 2022 and expectations
In 2021, the mergers and acquisitions (M&A) market in Europe exceeded all expectations, setting a record that will be hard to beat.The circumstances were indeed favorable: after a pandemic in which the economy suffered an unexpected halt, factors such as economic growth due
