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Posted in News, News for Cyprus
Cyprus News: Fast Track Business Activation Mechanism
On the 3 September 2020, the Cypriot Government approved the “Fast Track Business Activation Mechanism”, fully activated in October and that has already attracted the interest of foreign companies, businessmen and others.
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Posted in News, News for Cyprus, News for Greece
Tax incentives for the transfer of the tax residence of the individuals (L. 4758/2020)
Law 4758/2020 introduces amendments on the current taxation of the income received from employment services and business activity services for individuals that has transferred their tax residence in Greece.
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Posted in News, News for Cyprus, News for Greece
GREEN DEAL | Andersen Webinar 2nd February 2021
Andersen has organized with the Legal Service Director – General at the European Commission a Webinar on February the 2nd. The webinar will cover the Business Opportunities that the Green Deal can bring to companies operating…
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Posted in News, News for Cyprus
Cyprus Tax News: Social Insurance and National Health contributions for 2021
Social Insurance and General Healthcare System contributions will this year remain the same as in 2020. Social Insurance Contributions for 2021…
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Posted in News, News for Cyprus
Cyprus Tax News: End of 5% VAT for hotels and restaurants
The reduction of the VAT rate from 9% to 5% for hotel accommodation, restaurant and catering services and passenger transport expired on 10 January 2021. As from 11 January 2021…
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Posted in News, News for Greece, TAX LAW PRACTICE
Alternative taxation of income earned abroad for individuals who transfer their tax residence to Greece
Greek tax law has introduced the alternative taxation of income earned abroad for individuals who transfer their tax residence to Greece [Article 5A of Law 4172/2013]
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Posted in CORPORATE & COMMERCIAL PRACTICE, News, News for Greece
Law 4712/2020 – Provisions for Research and Innovation
On 29.07.2020 Greece adopted law 4712/2020. With provisions concerning research and innovation, the State seeks to build an environment for the development of private entrepreneurship and ingenuity.
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Posted in EMPLOYMENT PRACTICE, News, News for Greece
Temporary reduction of solidarity contribution and reduction of social insurance contributions
According to the provision of article 298 of law 4738/2020, for the tax year 2021 the incomes obtained from salaried work in the private sector are exempted from the special solidarity contribution (solidarity tax) of article 43A. The abolition
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Posted in News, News for Cyprus
Cyprus Tax News: 4th AML Directive Development: Establishment of UBO Registry
With a decision of the Council of Ministers dated 16.12.2020, transposing the 4th AML Directive of the EU 2015/849 into national law, the green light for the establishment of a central registry of ultimate beneficial owners have been given.
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Posted in BANKING FINANCE & CAPITAL MARKETS, News, News for Greece
Katerina Simopoulou: EU Co-ordinator of the Start-ups, Private Equity, Venture Capital and Private Debt
Our Partner, Katerina Simopoulou has been appointed Co-ordinator of the Start-ups, Private Equity, Venture Capital and Private Debt / Banking & Finance Service Line.
