Changes to Cyprus Intellectual Property Regime

December 18, 2016

Changes to Cyprus Intellectual Property Regime:The Income Tax Law with respect to the application of the Cypriot intellectual property regime has recently been amended and approved by the Cypriot Parliament.The new provisions of the IP regime are now consistent with the OECD Action Plan recommendations for better tax practices, supporting also transparency.The relevant laws and […]…


Revised Tax Treaty signed with India

December 4, 2016

Revised Tax Treaty signed with India: The last tax treaty between Cyprus and India has been signed in 1994.  This treaty has now been revised by the two countries and has now replaced the old treaty.  There has been ongoing negotiations between the parties and have been concluded in June 2016.  Following those negotiations, the two […]…


Access to Beneficial Ownership Information

November 20, 2016

Access to Beneficial Ownership Information:The European Council has recently endorsed the proposal of providing access to tax authorities to beneficial ownership information.  This information is currently held by various authorities who are responsible for the prevention of money laundering and terrorist financing. In the wake of the latest leak of information regarding the Panama Papers, […]…


Common Corporate Tax Plan

November 6, 2016

Common Corporate Tax Plan : The Common Consolidated Corporate Tax Base Plan initiative has been recently under review by the European Commission with the introduction of new proposals.In particular, in addition to the CCCTB relaunch proposal, additional reform measures have been published.The initial plan was rejected by member states back in 2011 when it was […]…


Cyprus Company Registration on the Rise

October 2, 2016

Cyprus Company Registration on the Rise lately as the Tax Havens are being castigated by the EU, the UN, the US, Russia etc. The Tax Havens are loosing their heavenly appeal. So international enterpreneurs are looking for a legal way to reduce the burden of their taxes. Cyprus is such a country. It is an […]…


EU Planning New Tax List

September 23, 2016

EU Planning New Tax List :  Common EU list of non-cooperative tax jurisdictions under construction.  European Commission planning new tax list: The European commission plans to create a common list within the European Union containing of non-cooperative jurisdictions. The Commission will assess which countries fall under this category which will involve a screening process based […]…


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 […]…


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 […]…