News & Views

68 jurisdictions sign the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS On 7 June 2017, 68 jurisdictions signed the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS (the MLI) during a signing ceremony hosted by the Organisation for Economic Co-operation and Development (OECD) in Paris. Eight other jurisdictions […]

Read More68 JURISDICTIONS SIGN THE MULTILATERAL CONVENTION – COURTESY OF EY

FILING OF TEMPORARY TAX RETURN FOR 2017 AS PER THE ASSESSMENT AND COLLECTION OF TAXES LAW, EVERY COMPANY OR INDIVIDUAL (WHO DERIVES INCOME OTHER THAN FROM EMOLUMENTS) MUST FILE BEFORE 31 JULY 2017 AN ESTIMATE OF THE TAXABLE PROFIT FOR (CORPORATE) INCOME TAX PURPOSES AND THE RESULTING TAX LIABILITY FOR THE YEAR 2017. To read […]

Read MorePAYMENT OF TEMPORARY TAX FOR TAX YEAR 2017 & FINAL TAX FOR TAX YEAR 2016 – COURTESY OF EY

The EY report titled “Coming into focus: Tax transparency’s new normal” is designed to provide you with a series of insights and global updates on the topics of transparency and disclosure, covering national implementation of new requirements under the OECD’s BEPS Action 13, as well as a range of European and national level developments. The […]

Read MoreCOMING INTO FOCUS: TAX TRANSPARENCY’S NEW NORMAL – COURTESY OF EY

On 26 May 2017, the Cypriot Ministry of Finance issued a new decree (the Decree) on Country-by-Country Reporting (CbCR) pursuant to the powers given under Section 6 (16) of the Assessment and Collection of Taxes Law. The Decree replaces the previous decree dated 30 December 2016. The Decree provides more clarity with respect to identifying […]

Read MoreJUNE 2017-CYPRUS ISSUES NEW DECREE ON COUNTRY-BY-COUNTRY REPORTING-COURTESY OF EY

The Cyprus International Businesses Association with the support of ICPAC ( The Institute of Certified Public Accountants of Cyprus) invited the Commissioner of Taxation Mr. Yiannis Tsangaris to address the CIBA members, as well as the members of ICPAC,  at an event which was held at the Four Seasons hotel in Limassol. The event was […]

Read MoreCIBA AND ICPAC EVENT WITH SPEAKER THE COMMISSIONER OF TAXATION

FS thanked Philippos Antoniades and Lefkios Papadopoulos for their services to the CIBA Executive Committee and awarded them each with a plaque to commemorate their service on the board. Both Philippos Antoniades and Lefkios Papadopoulos resigned from the board at the beginning of 2017.

Read MoreAWARD FOR SERVICE TO CIBA EXECUTIVE COMMITTEE

The Cyprus Weekly spoke with CIBA President Frixos Savvides to find out more about the association whose stated mission is ‘taking care of the international business community in Cyprus’. Read the full article here:- CIBA Interview-Frixos Savvides

Read MorePRESIDENT OF CIBA – MR. FRIXOS SAVVIDES’ INTERVIEW IN CYPRUS WEEKLY 26TH MAY 2017

PLEASE CLICK HERE TO READ THE FULL REPORT :- http://www.cyprusprofile.com/en/cyprus-country-report

Read More2017 CYPRUS COUNTRY REPORT

CIBA & CIIM ‘INSPIRING WOMEN IN PROFESSIONAL LIFE’ The Cyprus International Businesses Association (CIBA) and the Cyprus International Institute of Management (CIIM) organised an event “CELEBRATING WOMEN IN BUSINESS: CHALLENGES AND OPPORTUNITIES”, that took place at the Poseidonia Hotel in Limassol. The organisers of the event Margarita Alexandrou the Assistant General Secretary of the Cyprus […]

Read MoreCIBA AND CIIM PRESENT “CELEBRATING WOMEN IN BUSINESS: CHALLENGES AND OPPORTUNITIES”,

News release Nicosia, 26 April 2017 EY Tax Conference tackles key tax challenges facing Cypriot and Russian companies in Cyprus ► Key topics included Cypriot legislative updates and tax developments, Cyprus in the new global tax environment from the Russian and local perspective, and Russia-Cyprus business connections in light of the current and future tax trends […]

Read MoreCIBA AND EY PRESENT “RECENT TAX DEVELOPMENTS: RUSSIA–CYPRUS AND GLOBAL TAX TRENDS” TAX CONFERENCE