The following Press Release was published in Gold News on 25th April 2018 http://www.goldnews.com.cy/en/people/ciba-appoints-doxia-nikia-as-new-president Cyprus Mail 26th April 2017 http://cyprus-mail.com/2018/04/26/cyprus-international-business-association-appoints-first-female-head/
Avanti Hylas 2 Cyprus Ltd, a member company of CIBA has informed that their HYLAS 4 satellite launch was a big success, please see video here https://youtu.be/VDEQ4U89zzU
Read MoreCIBA MEMBER – AVANTI HYLAS 2 CYPRUS LTD., SUCCESSFUL LAUNCH OF HYLAS 4 SATELLITE
CIIM is delighted to announce an early-bird discount of 20% for any one of its graduate programmes (offer valid only until 20 April 2018). The Cyprus International Institute of Management (CIIM) is a non-profit international business school established in 1990 by a group of business leaders and a team of prominent academics representing some of the […]
Read MoreCIIM 20% EARLY BIRD DISCOUNT FOR ANY OF ITS GRADUATE PROGRAMMES
Chris Koufaris, the General Secretary of CIBA since 2012 , has announced his decision to step down with effect 31 March 2018. Chris Koufaris, joined the CIBA Executive Committee in 1999 and served as CIBA President during 2002 – 2007, a period marked by Cyprus entry to the EU. During this period CIBA transformed itself […]
Read MoreANNOUNCEMENT – CHRIS KOUFARIS STEPPING DOWN AS GENERAL SECRETARY OF CIBA
As per the official results received from the OPAP PrimeTel 5KM Corporate Race, held on 17 March 2018, we are pleased to announce that CIBA came in 57 out of 205 companies, that ran in the Corporate Race. We especially want to thank the runners from our member company Albatross Adjusters Limited, who claimed the first 5 positions for our […]
Read MoreRESULTS FOR OPAP PRIMETEL 5KM CORPORATE RACE 17 MARCH 2018 – CIBA 57 OUT OF 205 COMPANIES
Cyprus and the UK signed a new DTT and accompanying Protocol on 22 March 2018 opening the way for new investment opportunities and further development in trade relations between the two States. Details of the new DTT may be found in the newsletter Pwc N-5-2018
Read MoreCYPRUS –UK SIGN NEW DOUBLE TAX TREATY (DTT) – COURTESY OF PWC
The Cyprus Income Tax Law was amended in 2012 to introduce accelerated capital allowances for tax purposes on assets purchased during the years 2012 to 2014 inclusive. The annual writing down allowance for plant and machinery was doubled from 10 percent to 20 percent (if a higher rate than 20 percent applied to the category […]
On 13 March 2018 the ECOFIN Council (composed of the EU-28 Finance Ministers) reached political agreement on a Council Directive amending Directive on administrative cooperation in the field of taxation (commonly referred to as DAC) as regards mandatory automatic exchange of information in the field of taxation in relation to reportable cross-border arrangements (RCBAs) in […]
Further extension of the period allowed for submitting applications to settle tax arrears by instalments The Process of Adjustment of Tax Arrears Law 2017 (Law 4(I)/2017) establishes a procedure for settling tax arrears by monthly instalments. It provides a waiver of interest and penalties of up to 95% for all nationally imposed taxes, including: • […]
The Cyprus Tax Department has issued a circular setting out guidance on the new tax residence provisions for individuals introduced by Law No.119(I)/2017. With effect from 1 January 2017 individuals who meet all the following conditions in respect of a given tax year will be deemed to be tax-resident in Cyprus: •They are physically present […]