New Double Tax Treaty between Cyprus and UK
A new Double Tax Treaty was signed between Cyprus and the UK on 22 March 2018. The treaty is based...
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Double Tax Treaty between Cyprus and Ukraine – Taxation of dividends in Ukraine
On 15 February 2018, the Ukrainian State Fiscal Service (SFS) published a Guidance Letter...
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Tax Circular clarifying income eligible for 50% exemption from personal tax
We have reported several times in the past about the very attractive personal tax exemption of 50% of employment income...
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Russia: Law amending CFC and corporate tax residence rules signed and published
The President of the Russian Federation signed on 29 December 2017, Law No. 436-FZ of 28 December 2017 (the Law)...
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VAT Circular for Cyprus Holding Companies
The Cyprus Tax Authorities issued on 9 January 2018 a circular concerning the VAT treatment of holding companies. The main…
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Double Tax Treaty between Cyprus and Russia – Clarification of Direct Investment requirement
On 23 February 2018 the Russian Ministry of Finance (MoF) issued a clarification...
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OECD – Consultation regarding disclosure of CRS avoidance arrangements and offshore structures
On 11 December 2017, the OECD announced the launching of a consultation on new rules requiring disclosure of CRS avoidance…
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Cyprus – Extension of deadline for Country by Country Reporting
On 11 December 2017, the Cyprus Tax Department announced the extension of the deadline for the filing of the first…
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Cyprus – Accelerated capital allowance rates extended
The application of the accelerated capital allowance rates was extended by two more years (previously applicable until the tax year…
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