Following recent amendments to the Cyprus Companies Law, Cap. 113 (“the Law”), the Registrar of Companies will impose administrative penalties on certain filings submitted after the prescribed timeframes as provided by the Law. The imposition of the administrative penalties will be effective from 18 December 2019. In relation to annual returns the administrative penalty to […]
The Cyprus Ministry of Finance has announced that Cyprus and the Arab Republic of Egypt signed a new double tax treaty on 8th October 2019. For further information click on the link below:- PwC direct-tax-update-n-12-2019-cyprus-egypt-double-tax-treaty
Read MoreCyprus-Egypt sign new double tax treaty – Courtesy of PwC
The EU blacklist, first adopted on December 5, 2017, is part of the EU’s effort to clamp down on tax avoidance and harmful tax practices. Out of the ninety-two jurisdictions initially chosen for screening, seventeen jurisdictions were placed on the blacklist in December 2017. Over the course of 2018, most of the countries and territories […]
Read MoreEU Blacklist Update – Courtesy of KPMG’s EU Tax Centre
As you are already aware the Cyprus International Businesses Association (CIBA) and the Bank of Cyprus announce a Joint Event to inform CIBA members and other stakeholders on compliance issues and the Bank of Cyprus’ compliance modality. We are extremely pleased to have also secured the attendance of the Central Bank of Cyprus whose representatives will present the relevant provisions of the legal and regulatory framework with regard to addressing money laundering and terrorist financing risks, with a focus on the CBC’s supervisory role.
As you are already aware the Cyprus International Businesses Association (CIBA) and the Bank of Cyprus announce a Joint Event to inform CIBA members and other stakeholders on compliance issues and the Bank of Cyprus’ compliance modality. We are extremely pleased to have also secured the attendance of the Central Bank of Cyprus whose representatives will present the relevant provisions of the legal and regulatory framework with regard to addressing money laundering and terrorist financing risks, with a focus on the CBC’s supervisory role.
This two day workshop is co-organized alongside the Maritime Institute of Eastern Mediterranean (Mar.In.E.M) and the Cyprus University of Technology and supported by the EU-funded PROteuS (PROmoting security and safeTy by crEating a MED clUster on Maritime Surveillance) project.
This workshop brings together marine and maritime technology providers, operators and regulators to share the latest technological advancements to address the needs of users. Industry experts will present offshore commercial, research and security applications including sonars, radars and autonomous underwater vehicles (AUVs).
Read More2nd Annual Dual Use Marine Technologies Workshop – Agenda
Further to high demand for our VAT Course already held twice both in Nicosia and Larnaca, EY Cyprus will be presenting this active learning session on the practical application of the VAT provisions subsidised by HRDA and accredited by Cyprus Bar Association. This time the VAT Course will take place in Paphos at Annabelle Hotel on 12 & 18 July 2019.
Further to high demand for our VAT Course already held twice both in Nicosia and Larnaca, EY Cyprus will be presenting this active learning session on the practical application of the VAT provisions subsidised by HRDA and accredited by Cyprus Bar Association. This time the VAT Course will take place in Paphos at Annabelle Hotel on 12 & 18 July 2019.
The Cypriot Tax Department has published the 2018 income tax return for companies. The only difference between the 2018 and 2017 income tax return template is an addition made in Part 3 – “Computation of Taxable Income” whereby in case the tax payer is involved in intra-group financing arrangements (i.e. relating to loans financed out […]
Read More2018 Income Tax Return (Form T.D.4) for Companies – Courtesy of EY
It is CIBA’s stated aim to provide tangible value to its member companies and even more so in the field of Education. To this end, CIBA announces its agreement with the Cyprus International Institute of Management (CIIM) to offer 10 partial scholarships to CIBA company members or their immediate family. The Scholarship scheme is applicable […]