Insights
Insightful Perspectives with Meaningful Impact
Exemptions in anti-usury law in aid of international business
Following the introduction of interest rate ceilings last year, the law has now been amended to allow exemption on usury sanctions in cases where loans are related to international finance transactions. According to section - Read More...
Double-tax avoidance agreement between Cyprus and Poland
Cyprus and Poland signed an amendment to the current double tax treaty agreement between the two countries, introducing substantial benefits for entrepreneurs using Cyprus companies as investment vehicles in Poland. The amended double tax - Read More...
Cyprus introduces unique new framework on Trusts
Through new legislation that has been enacted by the Cyprus Parliament, the Cyprus International Trust Law (CITL) has been modernised in many aspects, becoming a very attractive instrument for international investment and asset protection - Read More...
Harris Kyriakides engaged in Public Transport dispute with Department of Road Transport
Harris Kyriakides has been engaged by Famagusta District Transport Organisation (OSEA) for advising on the pending dispute with the Cyprus Ministry of Communication and Works over the interpretation of the Concession Contract for Inland Bus - Read More...
Ratification of the Double Tax Treaty Protocol between the Russian Federation and Cyprus
The Russian State Duma has recently ratified the Protocol to the Double Tax Treaty between Cyprus and Russia, which shall now come into effect as of 1 January 2013. The ratification of the Protocol - Read More...
Agreement for the avoidance of double taxation between Cyprus and Qatar
Cyprus and Qatar have completed the required procedures for the entry into force of the agreement for the avoidance of double taxation between Cyprus and Qatar, which was signed on the 11th of November - Read More...
OECD Model Tax Convention: a discussion draft on the meaning of “beneficial owner” is released
The OECD Committee on Fiscal Affairs (CFA) invites public comments on draft changes to the Commentary on Articles 10, 11 and 12 (http://www.oecd.org/dataoecd/49/35/47643872.pdf) of the OECD Model Tax Convention concerning the meaning of the - Read More...
Global Forum on Transparency and Exchange of Information for Tax purposes issued 7 new reports
The Global Forum, hosted by the OECD, has published reports on 7 its members, evaluating their legal and regulatory frameworks for the exchange of information. Aruba: The report makes recommendations regarding the availability of - Read More...
European Commission proposes optional common consolidated corporate tax base
On 16 March 2011, the European Commission proposed in a draft Directive a single method for companies operating in more than one EU Member State to calculate their taxable profits. The system would involve - Read More...