Cyprus – Russia Double Tax Treaty – Court decision for thin capitalization rules
The Russian Supreme Court issued a decision related to the treatment of interest considered as non-tax deductible based on…
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…
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…
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…
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)…
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 provisions of the circular are summarised below.
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…
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 arrangements and…
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 Country by Country…
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 2016).