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).
Impressive growth in real estate market in Cyprus
PWC has recently presented its Cyprus Real Estate Market report for the first half of 2017 (the “report”).
Notional interest on equity – Reference rates for Italy, Kazakhstan and Greece
As we have reported previously a notional interest deduction on “new equity”…
Double Tax Treaty between Cyprus and Saudi Arabia – Details
As reported last week, a Double Tax Treaty (DTT) was signed on 3 January 2018 between Cyprus and Saudi Arabia.