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January 11, 2016News

11 JANUARY 2016 – LOAN RESTRUCTURING – COURTESY OF DELOITTE

On 16 December 2015, the House of Representatives enacted into laws a number of significant tax law amendments regarding loan restructurings, which were published in the Official Cyprus Government Gazette on 31 December 2015. The amendments facilitate tax free loan restructurings and aim to encourage the restructuring of non-performing loans (NPLs). Cyprus Tax News 11 […]

January 7, 2016News

7 JANUARY 2016 – NID 2015 INTEREST RATES – COURTESY OF PWC

For the purposes of the notional interest deduction (NID) the Cyprus Tax Authorities announced on 7 January 2016 (in a revised version of their initial 31 December 2015 announcement) the interest yield of the 10 year government bonds for Cyprus, India, Russia, Romania and Germany as at 31 December 2014, the relevant date for tax […]

January 5, 2016News

5 JANUARY 2016 – CYPRUS IP TAX REGIME – COURTESY OF PWC

The Ministry of Finance announce planned amendments to the Cyprus IP tax regime in line with the OECD BEPS Action 5 with maximum transitional periods. PWC Newsletter – Issue N-1-2016

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