Latest Corporate News

New Cyprus-United Kingdom DTT

Thursday, March 29th, 2018

A new Double Tax Treaty (DTT) was signed amongst Cyprus and the United Kingdom (UK) on the 22 March 2018. The new DTT will come into effect ...
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Updates on Cyprus DTTs with Saudi Arabia & Ethiopia

Tuesday, February 13th, 2018

Cyprus & Saudi Arabia Double Tax Treaty (DTT) Cyprus and Saudi Arabia signed a DTT on the 3rd of January 2018. The DTT that was signed a...
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INTRODUCTION OF 5% VAT IN THE UNITED ARAB EMIRATES (UAE) AS OF 01 JANUARY 2018

Tuesday, November 28th, 2017

The UAE Government has established a ‘Federal Tax Authority’ (FTA) which will be responsible for administering, implementing and collect...
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Cyprus implements revised tax treatment for intra-group back-to-back loans

Wednesday, October 11th, 2017

The Cyprus Tax Department issued a circular with amendments relevant to the corporate tax treatment concerning intragroup back-to-back finan...
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New Cyprus Tax Residency Law – Cyprus tax residency in 60 days

Wednesday, August 9th, 2017

The Cyprus government has recently introduced a law that grants individuals the opportunity to become Cyprus tax residents under the conditi...
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2017 Provisional Tax Declaration

Thursday, July 20th, 2017

It is important that all Cyprus tax resident Companies that are expected to make a profit in 2017 submit their provisional tax return form, ...
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TAX UPDATE JULY 2017

Thursday, July 13th, 2017

The Cyprus Tax Department (CTD) has informed the Institute of Certified Public Accountants in Cyprus (ICPAC) of their intention to abolish t...
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Bvi New Disclosure Of Information Law

Friday, May 26th, 2017

The Government of the British Virgin Islands (“BVI”) has agreed to exchange information of Ultimate Beneficial Ownership (“UBO”) und...
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UAE, Dubai Bank Secrecy & Shareholders’ Confidentiality

Thursday, May 18th, 2017

It is common knowledge that the UAE’s banking system is more efficient and applies more effective policies than most countries around the ...
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Cyprus will sign the Multilateral Instrument of the OECD on the 7th of June 2017

Monday, May 15th, 2017

The Cyprus government declared its intent to sign the ‘Multilateral convention to implement tax treaty related measures to prevent Base Er...
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