Cyprus IP Box regime amended
Cyprus IP Box regime amended The Cyprus Tax Legislation was recently amended with respect to the tax treatment of intangible assets providing increased flexibility to taxpayers benefiting from the Intellectual Property (IP) Box regime. The amendments relate to...
Read moreNew Amendments of the VAT Legislation
New Amendments of the VAT Legislation The Cy Parliament voted and published the below amendments to the VAT Law with effective date the 20th of August 2020. The amendments are as follow: Definition of Legal Person....
Read moreCyprus-Russia DTT Revised
Cyprus-Russia DTT Revised As of 1 January 2021, the withholding tax on dividends and interest paid from Russia to Cyprus will increase to 15% with certain exemptions, regarding regulated entities and certain types of interest on corporate bonds,...
Read moreReview Of Corporate Tax Code Of Conduct
EU Announces DAC7, Review Of Corporate Tax Code Of Conduct The European Commission has announced plans for a new Directive on Administrative Cooperation, on the exchange of information on online platforms’ sales, and a new Communication on Tax...
Read moreDTT between Cyprus and Russia
Double Tax Treaty (DTT) Russia – Cyprus, update The current DTT Russia – Cyprus is in force, however the discussions continue and will most likely be concluded this month by both countries. Last April the Russian Government requested...
Read moreTransfer Pricing – Cyprus
Transfer Pricing – Cyprus You should act now, if Transfer Pricing applies to you. The Transfer Pricing regime concerns tax treatment of intra-group financing transactions. The draft bill aims to put an end to the over-pricing of intra-group...
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