Penalties Against Tax Evasion

September 3, 2016

Penalties Against Tax Evasion : The HM Revenue and Customs (H.M.R.C.), HM Treasury and Jane Ellison MP have announced new proposals that include new measures to be taken against tax avoidance and evasion. Service providers that advise on how to avoid tax will be facing tough penalties. These proposals are included in a recent consultation […]…

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Immovable Property Tax in Cyprus 2016

August 7, 2016

Immovable Property Tax in Cyprus 2016 : There have been recent amendments to the tax system of Immovable property in Cyprus. These changes have already been published to the Official Gazette of the Government of the Republic of Cyprus and came to decrease the tax for immovable property for the tax year 2016 by up […]…

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New Tax Avoidance Rules

July 24, 2016

New Tax Avoidance Rules :   A new directive regarding tax avoidance rules has been officially adopted by the European Council. The Directive concerns corporate taxpayers within the member states of the European Union which includes also companies based in third countries being the subsidiaries of such companies. The new directive sets rules for preventing base […]…

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Britain votes out of the EU

June 26, 2016

Britain votes out of the EU :  Britain votes out of the EU : It is now well known that the majority of the British public has voted to leave the European Union. For every decision follows also the consequence and there a lot of uncertainties are raised at this early stage. Britain votes out […]…

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‘Brexit’ may lead to higher taxes

June 5, 2016

‘Brexit’ may lead to higher taxes : Research on the possible ‘Br-exit’ aftermath continues and the findings seem to be positive, negative and uncertain. ‘Brexit’ may lead to higher taxes :National Institute of Economic and Social Research  The National Institute of Economic and Social Research after recent research showed that the government would have to […]…

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Public Country Reporting proposed EU Companies

May 22, 2016

Public Country by Country Reporting proposed for EU Companies:  There has been a recent proposal by the European Commission for the introduction of new legislation that would require public Country by Country Reporting from EU Corporations. Public Country Reporting proposed EU Companies :Application Public Country Reporting proposed EU Companies : The public reporting mentioned above has […]…

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Ruling Tax Matters Administrative Fee

May 8, 2016

Ruling Tax Matters Administrative Fee :There has been a new decree; the Administrative Decree issued by the Cypriot Council of Ministers, pursuant to the powers granted by Income Tax Law by virtue of Article 44 A.The new decree relates to the imposition of administrative fees for the issuance of a tax ruling in Cyprus.It was published […]…

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Panama Papers Huge Exposure

April 24, 2016

Panama Papers Huge Exposure: These papers which are now considered to be very popular are a set of millions of confidential documents that include detailed information concerning the structures and identities of thousands of offshore companies.  These companies have been incorporated by the company Mossack Fonseca, a corporate services provider in Panama. The said information […]…

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