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 […]…
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 […]…
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 […]…
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 […]…
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 […]…
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 […]…
April 10, 2016
Cyprus Ukraine DTA Changes :There have been amendments to the existing Double Tax Agreement (DTA) between Cyprus and Ukraine. These changes have only been agreed recently: Ruling Tax Matters Administrative Fee :Ukraine’s Government The Government of Ukraine has announced those changes to the existing double tax agreement after negotiations between the two countries. Summary of […]…
March 27, 2016
Cyprus Ethiopia Double Tax Treaty :Cyprus continues to expand its double taxation treaty network and this time in the African region. By the end of the year 2015, Cyprus signed a tax treaty with another African country.The treaty has been signed with Ethiopia for the avoidance of double taxation as recently published in the Official Cyprus […]…
