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How to prove that a company is the beneficial owner of income?
22 December 2016
Since 2015, new rules of application of international double tax treaties have been in effect in Russia. The recent Severstal court ruling is a case in point, where the taxpayer is faced with a nearly 1 billion RUB tax charge, for essentially failing to p
On 30 December 2015 The Ministry of Finance (MoF) announced that it will promote amendments to the current Cyprus Intellectual Property (IP) tax regime that will be in full alignment with the OECD’s Base Erosion and Profits Shifting (BEPS) Action 5 repo
Changes to the Cyprus Citizenship for Investors’ Scheme
21 September 2016
In line with the strategy of the Cyprus Government to further attract and encourage high net worth individuals to invest in the economy of Cyprus, on 13th September 2016, the Cyprus Council of Ministers revised the Scheme for Naturalization of Investors i
Cyprus Tax Flash - Immovable Property Tax 2016
25 August 2016
Under the latest amendment to the Immovable Property Tax Law, which was published in the Official Government Gazette on 25 July 2016, the immovable property tax for tax year 2016 is reduced by up to 75% and abolished from 2017.
The Enforcement of Restrictive Measures on Transactions in case of Emergency Law of 2013
Cyprus Citizenship by Exception
14 May 2014
Cyprus is considered to be one of the most popular jurisdictions to obtain citizenship due to its geographical location, EU member status, excellent infrastructure and high standards of living. Citizens of the Republic of Cyprus enjoy unrestricted travel
Eurogroup statement on Cyprus
13 March 2014
The Eurogroup welcomes the Troika's conclusion following its third review mission that Cyprus's adjustment programme is on track. The Eurogroup commends the authorities' continued prudence in budgetary execution which, together with a less severe recessio
The Netherlands focuses on transparency and substance rules to avoid abuse of tax treaties
30 August 2013
This evening, the Underminister of Finance of the Netherlands sent a letter to Dutch Parliament on the role of the Netherlands in international tax planning and an investigation with respect to abuse of tax treaties between the Netherlands and developing
Annual General Meeting of the Bank of Cyprus
29 August 2013
On Tuesday, 10 September 2013 at 4.00 pm, the Annual General Meeting of Bank of Cyprus Public Company Ltd (“Bank of Cyprus”) will be held in Nicosia.