Creation Benefits of a Cyprus International Trust

August 5, 2017

Creation Benefits Cyprus International Trust: Our Firm has since 1979 been offering legal and corporate services and especially Trust and Asset protection services, to our international clients with great success. We will be thrilled to have you too as one of our valued clients. A well-known fact among the international financial community is that the Cyprus […]…


Cyprus Income Tax Law amended

July 22, 2017

New definition to Cyprus Tax Resident Individual Introduction:Cyprus Income Tax Law amended: There has been a new amendment to the Income Tax Law, voted recently by the House of Representatives of the Republic of Cyprus.The amendment concerns the definition of Cyprus Tax Resident Individual which has now been changed. New Provisions Cyprus Income Tax Law […]…


Cyprus Tax Department issues new rules regarding intra-group financing arrangements

July 9, 2017

Cyprus Tax Department issues new rules regarding intra-group financing arrangements: The Cyprus Tax Department (“CTD”) has recently issued a Circular regarding the new rules for the taxation of intra-group financing arrangements applying from 1 July 2017. The new Circular as in line with the OECD provides for the application of transfer pricing methodology to such […]…


New Transparency Rules for Tax Advise intermediaries

June 25, 2017

New Transparency Rules for Tax Advise Intermediaries: New transparency rules have been proposed by the European Union concerning intermediaries who provide tax advisory services to their clients including design and promotion of tax planning.The scope of those rules covers intermediaries such as business consultants, tax advisers, legal consultants/lawyers, financial institutions such as banks and accountants. […]…


Cyprus issues revised Country by Country Reporting Decree

June 11, 2017

 Cyprus issues revised Country by Country Reporting Decree:The Ministry of Finance of the Republic of Cyprus has recently issued a revised Decree on Country by Country Reporting which replaces the initial Decree which was issued on 30 December 2016.  Below are the main changes from the previous Decree as follows: The requirement of filing locally a CbC […]…


Cyprus extends its Double Tax Treaty relations

May 28, 2017

 Cyprus signs two more double Tax treaty agreements :The Republic of Cyprus continues to extend its Double Tax Treaty Network and has done so recently by signing additional agreements with Luxembourg and Barbados.  Both treaties are based on the OECD model treaty. Cyprus signs two more double Tax treaty agreements: Treaty with Luxembourg   As mentioned above, […]…


Reporting Implementation by O.E.C.D.

May 13, 2017

C.b.C. Reporting Implementation by O.E.C.D.: The O.E.C.D. has issued recently an update on the list of automatic exchange relationships established among various jurisdictions under the Multilateral Competent Authority Agreement on the exchange of country-by-country reports. The signatories of the relevant agreement have commenced exchanging Country by Country reports multilaterally which was initially proposed by base […]…


Cyprus Signing Tax Treaty with Iran

April 30, 2017

Cyprus Signing Tax Treaty with Iran :The Republic of Cyprus continuously extends its Tax Treaty engagements and has done so with Iran on 4th August 2015. The said Tax Treaty has entered into force in March 2017 and it is based on the Organisation for Economic Co-operation and Development (O.E.C.D.) Model Convention. Cyprus Signing Tax Treaty […]…