November 17, 2015
EU Savings taxation directive: repealed Savings Taxation Directive Repealed: Directive 2003/48/EC on the taxation of savings income, has been repealed on the 10th of November by the European Council. History of Amendments Since 2005 The Directive that had entered into force in 2005 had enabled payments of interest made in one member state to residents […]…
November 10, 2015
Global Forum on Tax Transparency: Cyprus rated as Largely Compliant! Phase 2 Report 2015 – Implementation of the Standard in Practice. Evaluation: 2013 and 2015 The Global Forum on Transparency and Exchange of Information for Tax Purposes (‘Global Forum’) in 2013 had evaluated Cyprus for its implementation of the Global Standard on Automatic Exchange of […]…
November 3, 2015
Global Forum-A big Push against tax evasion! Increase in Efforts and Commitment Global Forum on Tax Transparency has been moving ahead towards greater tax Transparency. Automatic Exchange of Information will be something for Tax evaders to consider. There has been an overall common consensus worldwide by many countries for implementing the exchange of information system over […]…
October 30, 2015
Global Standard: Automatic Exchange of Information A Global standard Automatic Exchange of Information: Tax evasion is a fact, and in order to tackle that effectively the Automatic Exchange of Information Standard has been created by the OECD, Organisation for Economic Co-operation and Development and also by G20. It is indeed a FATCA style model. Subject […]…
October 22, 2015
Important Tax Changes Introduced by Cyprus Introduction Tax Changes by Cyprus: In order to facilitate the purpose of simplification and improvement of the Cyprus Tax System in line with compliance regulations, the House of Representatives has passed new bills which have been converted to new laws on 9th July 2015. New bills are also […]…
September 17, 2015
Cypriot Bank Account. Fast, Easy no Fuss. Open A Cypriot Bank Account In A Few Days: Cypriot Bank Accounts are now as safe as in any other country. The requests for a Cypriot Bank Account are growing day by day. People have realized that what happened was a mistake or an act of vice and […]…
September 17, 2015
Banking in Cyprus What Banking in Cyprus is Like: One of the primary objectives of the Central Bank of Cyprus is to ensure a safe and stable financial system that would preserve public confidence and foster economic stability and growth. This objective is satisfied by maintaining an effective mechanism of bank regulation and supervision. To […]…
September 17, 2015
Cyprus Company – What Changes Can Be Done : After its registration a Cyprus Company can have as many changes as the owner would like. Changing its name after its formation is possible. Changing the name of a Cyprus company can be done at anytime. A new name is chosen, it is submitted to the […]…
