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On 26 May 2017, the Cypriot Ministry of Finance issued a new decree (the Decree) on Country-by-Country Reporting (CbCR) pursuant to the powers given under Section 6 (16) of the Assessment and Collection of Taxes Law. The Decree replaces the previous decree dated 30 December 2016. The Decree provides more clarity with respect to identifying […]

Read MoreJUNE 2017-CYPRUS ISSUES NEW DECREE ON COUNTRY-BY-COUNTRY REPORTING-COURTESY OF EY

The Cyprus International Businesses Association with the support of ICPAC ( The Institute of Certified Public Accountants of Cyprus) invited the Commissioner of Taxation Mr. Yiannis Tsangaris to address the CIBA members, as well as the members of ICPAC,  at an event which was held at the Four Seasons hotel in Limassol. The event was […]

Read MoreCIBA AND ICPAC EVENT WITH SPEAKER THE COMMISSIONER OF TAXATION

FS thanked Philippos Antoniades and Lefkios Papadopoulos for their services to the CIBA Executive Committee and awarded them each with a plaque to commemorate their service on the board. Both Philippos Antoniades and Lefkios Papadopoulos resigned from the board at the beginning of 2017.

Read MoreAWARD FOR SERVICE TO CIBA EXECUTIVE COMMITTEE

The Cyprus Weekly spoke with CIBA President Frixos Savvides to find out more about the association whose stated mission is ‘taking care of the international business community in Cyprus’. Read the full article here:- CIBA Interview-Frixos Savvides

Read MorePRESIDENT OF CIBA – MR. FRIXOS SAVVIDES’ INTERVIEW IN CYPRUS WEEKLY 26TH MAY 2017

PLEASE CLICK HERE TO READ THE FULL REPORT :- http://www.cyprusprofile.com/en/cyprus-country-report

Read More2017 CYPRUS COUNTRY REPORT

CIBA & CIIM ‘INSPIRING WOMEN IN PROFESSIONAL LIFE’ The Cyprus International Businesses Association (CIBA) and the Cyprus International Institute of Management (CIIM) organised an event “CELEBRATING WOMEN IN BUSINESS: CHALLENGES AND OPPORTUNITIES”, that took place at the Poseidonia Hotel in Limassol. The organisers of the event Margarita Alexandrou the Assistant General Secretary of the Cyprus […]

Read MoreCIBA AND CIIM PRESENT “CELEBRATING WOMEN IN BUSINESS: CHALLENGES AND OPPORTUNITIES”,

News release Nicosia, 26 April 2017 EY Tax Conference tackles key tax challenges facing Cypriot and Russian companies in Cyprus ► Key topics included Cypriot legislative updates and tax developments, Cyprus in the new global tax environment from the Russian and local perspective, and Russia-Cyprus business connections in light of the current and future tax trends […]

Read MoreCIBA AND EY PRESENT “RECENT TAX DEVELOPMENTS: RUSSIA–CYPRUS AND GLOBAL TAX TRENDS” TAX CONFERENCE

VAT OBLIGATIONS – COMPANY DIRECTORS’ LIABILITY Summary: The Supreme Court of the Republic of Cyprus has recently released a judgment on the criminal liability of Directors for their companies’ failure to comply with the provisions of the VAT Law. Please click on your preferred language to read the alert: English, Greek and Russian. Stay-up-date on VAT with EY’s interactive […]

Read MoreAPRIL 2017 – VAT OBLIGATIONS – COMPANY DIRECTORS’ LIABILITY – COURTESY OF EY

PRESS RELEASE –3- GOLD- CIM SUMMIT 2017

Read MoreCIM SUMMIT 2017 – PRESS RELEASE

The first time double tax treaty (DTT) between Cyprus and Jersey signed in July 2016 entered into force on 17 February 2017 as per a recent update of the Cyprus Ministry of Finance. Per the provisions of the DTT it will now take effect as from 1 January 2018. The treaty provides for 0% withholding […]

Read MoreCYPRUS-JERSEY DOUBLE TAX TREATY ENTERS INTO FORCE – COURTESY OF PWC