VAT Obligations – Company Directors’ Liability: Supreme Court imposing imprisonment for Directors’ VAT criminal liability The Supreme Court, has announced a 4 month custodial sentence for two Directors whose entity failed to settle both accrued and assessed VAT and submit VAT returns. The Court has emphasized that the VAT provisions are of paramount significance for […]
World Maritime Day is celebrated today, 28 September 2017! “Connecting Ships, Ports and People” has been selected by the IMO as the World Maritime Day theme for 2017. The theme was chosen to provide an opportunity to focus on the many diverse actors involved in the shipping and logistics areas.
Read More“CONNECTING SHIPS, PORTS AND PEOPLE” – COURTESY OF WISTA INTERNATIONAL
The Cyprus Tax Department has recently announced that taxpayers from now on will be able to pay their VAT liabilities through online banking. Specifically the Tax Department has agreed with four major commercial banks (namely Ancoria Bank, Hellenic Bank, Cyprus Co-operative Bank and Bank of Cyprus) to offer to their clients a relevant facility to […]
IBSCY Ltd is pleased to announce their new partnership with NetSupport (http://www.netsupportsoftware.com). As from today IBSCY Ltd., are authorized to resell, setup, configure and maintain all software of Netsupport. For one more time, IBSCY Ltd., demonstrate their dedication on evolving, selling and maintaining new technologies and products in order to provide the ability for their new and existing customers to work […]
Press Conference: Made in Cyprus – The largest Exhibition on Cyprus Products & services On Monday 18th September 2017, World Trade Center Cyprus held a Press Conference at the Limassol Municipality about the 4th Exhibition Made in Cyprus. The largest exhibition on Cyprus products is organised by World Trade Center Cyprus for the 4th year […]
Read MorePRESS CONFERENCE: MADE IN CYPRUS – THE LARGEST EXHIBITION ON CYPRUS PRODUCTS & SERVICES
On 14 July 2017, the Cypriot Parliament approved the law amending Section 2 of the Income Tax Law (ITL) with respect to the tax residency of individuals. The amending legislation will be effective retroactively as of 1 January 2017. The relevant law implementing the new provisions took legal effect on 28 July 2017, when it […]
Read MoreAUGUST 2017 – CYPRUS INTRODUCES NEW TAX RESIDENCY RULES FOR INDIVIDUALS – COURTESY OF EY
On 27 January 2017 the Cyprus Parliament approved a new law which sets the procedure for settling overdue taxes, including interest and/or penalties arising thereon. The Cyprus government gazetted notification no. 200/2017 on this subject on 23 June 2017 and the Cyprus Tax Authorities issued an announcement on 28 June 2017. The notification specifies that […]
What does ransomware do? There are different types of ransomware. However, all of them will prevent you from using your PC normally, and usually they encrypt all the files and data you have. They can target any PC users, whether it’s a home computer, endpoints in an enterprise network, or servers. Ransomware can: • Prevent you […]
Read MoreIMPORTANT: RANSOMWARE ATTACKS – COURTESY OF IBSCY LTD A MTN MEMBER COMPANY
We are proud to inform you that on Wednesday 21st June 2017, at the Annual General Meeting of the Institute of Certified Public Accountants of Cyprus (ICPAC), the President of ICPAC announced that the 2017 member award FOR OUTSTANDING CONTRIBUTION has been awarded to FRIXOS SAVVIDES. As we all know, recognition by peers is the […]
Read MoreFRIXOS SAVVIDES RECOGNISED BY PEERS AT ICPAC 2017 AGM FOR OUTSTANDING CONTRIBUTION
Cyprus and Luxembourg signed a first time Double Tax Treaty (DTT) on 8 May 2017, opening the way for new investment opportunities and trade relations between the two Countries. The text of the DTT was recently made available by the Luxembourg tax authorities. Neither county has yet ratified the DTT. The DTT will take effect […]
Read MoreJUNE 2017 – CYPRUS AND LUXEMBOURG SIGN FIRST TIME DOUBLE TAX TREATY – COURTESY OF PWC