News & Views

Columbia Shipmanagement Ltd And The Cyprus Marine And Maritime Institute Sign MoU For Launch Of Digital Waves Project

Columbia Shipmanagement Ltd (CSM) and the Cyprus Marine and Maritime Institute (CMMI) today signed an MOU to launch Digital Waves, which constitutes a comprehensive joint innovation programme to explore the digitalisation of certain domains of the maritime industry. The programme includes research and innovation in domains such as the gathering of data on ships and other stakeholders coupled with the latest trends in connectivity and artificial intelligence (AI).

Invitation for Talk on Indian Constitution and Photo Exhibition – The High Commission of India, Nicosia

High Commission of India in Collaboration with European University, Nicosia invites you to a “Talk on Indian Constitution” by Her Excellency Madhumita Hazarika Bhagat and Photo Exhibition on Constitution day and Dr. B R Ambedkar at 1100 hrs on Tuesday, 14 January 2020 at Cultural Center, European University, Nicosia. For the invitation and to register […]

POSTPONED – PrimeTel 5KM Corporate Race – 21 March 2020, 09.00am

The Cyprus International Businesses Association invites you to participate in the largest sports event on the island! The PrimeTel 5KM Corporate Race which will take place on Saturday, 21 March 2020, at 09:00 AM. To REGISTER with the CIBA TEAM – please click here: https://www.getyourtickets.eu//add_team_member/opaplimassolmarathon2020?team=7d03f46e5bcaadbeacfb2a5173f8470f&add_team_step=user_registration (REMEMBER places are limited to 60 members per team so register […]

Increase of the limit for certain allowances for individuals from one-sixth 1/6 to one-fifth 1/5 – Courtesy of Deloitte

On 19 December 2019, an amending Income Tax Law (ITL) was published in the Official Gazette, providing for an increase to the annual limit for certain allowances which are deductible from an individual’s taxable income. The limit of the allowances provided for in Article 14 of the ITL is increased from one-sixth 1/6th to one-fifth […]

Deemed Dividend Distribution as at 31 December 2019 – Courtesy of Deloitte

We would like to remind you of the deemed dividend distribution (DDD) provisions of the Special Contribution for the Defence Law that apply on 31 December 2019. What profits are within the scope of the DDD provisions? The DDD provisions apply to the profits of Cypriot tax resident companies that are attributable directly to Cypriot […]

Cypriot Tonnage Tax scheme re-approved by EU Commission for 10-year period as of 1 January 2020 – Courtesy of EY

On 16 December 2019 the European Commission has approved under EU State aid rules, amongst others, the prolongation of a tonnage tax and seafarer scheme in Cyprus. The Commission assessed the Cyprus tonnage tax scheme under EU State aid rules, in particular its Guidelines on State aid to maritime transport (the “Maritime Guidelines”) and established […]

CIBA/BOC Compliance Event – PRESENTATIONS

The Cyprus International Businesses Association (CIBA) and the Bank of Cyprus organised a Joint Event to inform CIBA members and other stakeholders on compliance issues and the Bank of Cyprus’ compliance modality. The Central Bank of Cyprus representatives presented the relevant provisions of the legal and regulatory framework with regard to addressing money laundering and […]

CIBA/BOC Compliance Event Nicosia 13/12/2019 – with photos

The Cyprus International Businesses Association (CIBA) and the Bank of Cyprus organised a Joint Event to inform CIBA members and other stakeholders on compliance issues and the Bank of Cyprus’ compliance modality. The Central Bank of Cyprus representatives presented the relevant provisions of the legal and regulatory framework with regard to addressing money laundering and […]