At the CIBA 2016 AGM – SOFTimpact Ltd., a member company of CIBA, was presented with an award, by the President of the Association Mr. Frixos Savvides, to thank them for their invaluable support in setting up the new CIBA Website . The Executive Committee is very pleased with the modern look, as well as the user friendly […]
The CIBA 23rd Annual General Meeting took place with great success, on Friday 2nd December 2016 at the Amathus Hotel in Limassol with exclusive sponsor EY. In the closed session the General Secretary read his report for the year 2016. The full report can be read here CIBA AGM 2016 CIBA was honoured to have the […]
Following the completion of the negotiations between Cyprus and India on 29 June 2016, the two countries signed a revised tax treaty on 18 November 2016, which was published in Cyprus’ Gazette on 25 November 2016. The new treaty will replace the existing treaty which was concluded back in 1994. Please click on the link […]
Read More28 NOVEMBER 2016 – REVISED TAX TREATY SIGNED WITH INDIA – COURTESY OF DELOITTE
Official notice of our 23rd Annual General Meeting, is hereby given – which will take place on Friday 2nd December, 2016 at 18.00 hrs at the Amathus Beach Hotel in Limassol (closed session for Members only) Please note here below the Programme of the OPEN Session of the AGM at 19.00 hrs. 2-programme-agm-2016 H.E. The President […]
On 14 October 2016, the House of Representatives enacted into law significant amendments to Cyprus’s “IP regime”. The amendments introduced in the Income Tax Law (ITL) were published in the Gazette on 27 October 2016 and provide for the gradual phase out of the current IP regime and the introduction of a new IP regime […]
Read More27 OCTOBER 2016-AMENDMENTS TO CYPRUS’S IP REGIME-COURTESY OF DELOITTE
The Norwegian Business Association Cyprus in collaboration with the Cyprus International Businesses Association, organised an event at the Four Seasons Hotel, in Limassol with speaker Tim Dodson the Executive Vice President, of Statoil entitled “Statoil – a major supplier of gas to Europe” on Tuesday 11th October 2016. Statoil is an international energy company with […]
Read MoreCIBA/NBAC EVENT – STATOIL PRESENTATION BY TIM DODSON
CIBA members and guests welcomed Mr. Spyros Kokkinos, the Registrar of Companies and Official Receiver, to inform them on the recent and forthcoming developments at the Company Registrar Office and their impact on the international businesses and their professional advisors on Tuesday 27th September 2016 at the Four Seasons Hotel in Limassol. The full presentation […]
Read MoreCIBA PRESENTS MR. SPYROS KOKKINOS COMPANY REGISTRAR
The Council of Ministers approved on September 13 the revised scheme for granting Cypriot citizenship to non–Cypriot entrepreneurs/ investors. In statements to the press on September 14, Minister of Finance Harris Georgiades noted that the revision of the scheme aims to encourage real investments that would benefit the economy, Cyprus News Agency reports. The government, […]
Read MoreREVISED SCHEME FOR CITIZENSHIP TO NON-CYPRIOT INVESTORS
ESA Open Invitation To Tender – AO8770 Title: FIRST CALL FOR OUTLINE PROPOSALS UNDER THE PLAN FOR EUROPEAN COOPERATING STATES (PECS) IN CYPRUS Open Date: 19/09/2016 Closing Date: 11/11/2016 13:00:00 Reference Nr.: 16.179.03 Prog. Ref.: PECS CYPRUS press-release-greek-esa-cyprus-ecs-agreement-pecs-1st-call-19092016 esa_corporate_presentation_en
In July 2016 the Tax Department issued Circular 2016/10 aiming to provide further clarity on the definition of relevant terms and guidance on the practical application of NID. In summary, Circular 2016/10 provides the following: further guidance on the definitions of ‘new equity’ and ‘NID interest rate’; the introduction of scheduling for the purpose of […]
Read MoreJULY 2016 – NOTIONAL INTEREST DEDUCTION- COURTESY OF PWC