Latest Corporate News

BVI Economic Substance – Draft BVI Code

Thursday, May 9th, 2019

On the 23rd of April 2019, the British Virgin Islands International Tax Authority (ITA) published a draft Economic Substance Code (the Code...
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Cyprus – Saudi Arabia: Treaty for the Avoidance of Double Taxation

Friday, March 15th, 2019

The Ministry of Finance on the 18th of February 2019 announced that the Double Taxation Treaty (DTT) signed between Cyprus and Saudi Arabia ...
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Cyprus tax residence certificate issued on 60-day residence rule

Thursday, March 14th, 2019

According to the Cyprus Tax Office circular, EE 33 of the 29th January 2019, there is now further guidance and clarity to the Law 119(I)/201...
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CYPRUS VAT: The transfer of the right to ownership of immovable property

Monday, February 25th, 2019

On the 27th day of December 2018 the Cyprus Tax Department issued a circular giving clarifications to the applicability of the Law 39(1) of ...
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Cyprus – United Kingdom Double Tax Treaty

Thursday, February 21st, 2019

Recently Cyprus and the United Kingdom have entered into a Double Taxation Treaty (the DTT) based on the Organisation for Economic Co-operat...
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CYPRUS – ANDORRA DOUBLE TAX TREATY

Monday, February 18th, 2019

Cyprus ratified the double tax treaty (DTT) which has signed with Andorra on the 18th of May 2018. The new DTT will enter into force one bot...
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Shell Company Classification Criteria

Thursday, November 8th, 2018

The main questions to ask are the follow: If one of the above is ‘YES’ the company is not a “shell” company. However, care must be t...
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Cyprus – Luxembourg DTT has entered into force

Tuesday, September 4th, 2018

The Double Taxation Treaty (DTT) between Cyprus and Luxemburg entered into force in May 2018 and will be applicable to the contracting parti...
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Cyprus Ratifies the Hague Convention Applicable to Trusts

Wednesday, August 29th, 2018

The Cyprus House of Representatives ratified the Hague Trust Convention by passing the Law N. 4(ΙΙΙ)/2017 referring to the Hague Conventi...
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Acquisition & Disposal Of Immovable Property In Cyprus

Monday, April 23rd, 2018

It is a fact that purchasing and/or selling an Immovable Property entails a stressful procedure. This article briefly outlines the procedure...
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