NEWSROOM

Double Tax Treaty between Cyprus and Russia – Clarification of Direct Investment requirement
14/03/2018

On 23 February 2018 the Russian Ministry of Finance (MoF) issued a clarification...

Double Tax Treaty between Cyprus and Ukraine – Taxation of dividends in Ukraine
14/03/2018

On 15 February 2018, the Ukrainian State Fiscal Service (SFS) published a Guidance Letter...

Updated reference interest rates for notional interest deduction on equity
14/03/2018

The Cyprus Tax Department published on 14 February 2018 an update on bond yield rates per country as at 31 December 2017...

Tax Circular clarifying income eligible for 50% exemption from personal tax
14/03/2018

We have reported several times in the past about the very attractive personal tax exemption of 50% of employment income...

Double Tax Treaty between Cyprus and Saudi Arabia – Details
08/01/2018

As reported last week, a Double Tax Treaty (DTT) was signed on 3 January 2018 between Cyprus and Saudi Arabia.

OECD – Consultation regarding disclosure of CRS avoidance arrangements and offshore structures
20/12/2017

On 11 December 2017, the OECD announced the launching of a consultation on new rules requiring disclosure of CRS avoidance arrangements and...

Cyprus – Accelerated capital allowance rates extended
13/12/2017

The application of the accelerated capital allowance rates was extended by two more years (previously applicable until the tax year 2016).

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