News & Views

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

VAT OBLIGATIONS – COMPANY DIRECTORS’ LIABILITY Summary: The Supreme Court of the Republic of Cyprus has recently released a judgment on the criminal liability of Directors for their companies’ failure to comply with the provisions of the VAT Law. Please click on your preferred language to read the alert: English, Greek and Russian. Stay-up-date on VAT with EY’s interactive […]

Read MoreAPRIL 2017 – VAT OBLIGATIONS – COMPANY DIRECTORS’ LIABILITY – COURTESY OF EY

PRESS RELEASE –3- GOLD- CIM SUMMIT 2017

Read MoreCIM SUMMIT 2017 – PRESS RELEASE

The first time double tax treaty (DTT) between Cyprus and Jersey signed in July 2016 entered into force on 17 February 2017 as per a recent update of the Cyprus Ministry of Finance. Per the provisions of the DTT it will now take effect as from 1 January 2018. The treaty provides for 0% withholding […]

Read MoreCYPRUS-JERSEY DOUBLE TAX TREATY ENTERS INTO FORCE – COURTESY OF PWC

Doing Business 2017: Equal Opportunity for All, a World Bank Group flagship publication, is the 14th in a series of annual reports measuring the regulations that enhance business activity and those that constrain it. Doing Business presents quantitative indicators on business regulations and the protection of property rights that can be compared across 190 economies—from […]

Read MoreDOING BUSINESS REPORT 2017 – BY THE WORLD BANK GROUP

SOFTimpact LTD.,  presented the CYBER SECURITY event entitled: HACKING – The silent threat to your business! The event took place on Thursday 23rd February 2017 on the premises of Intership Navigation Co. Ltd. With a large turnout of CIBA members and guests, Lee Williamson the Principal Consultant IT Infrastructure of SOFTimpact, presented this very informative meeting and gave an: Overview […]

Read MoreHACKING-THE SILENT THREAT TO YOUR BUSINESS! BY SOFTIMPACT

For the purposes of the NID the Cyprus Tax Authorities (CTA) have now announced the interest yields of the 10-year government bonds for Cyprus, Czech Republic, Germany, India, Latvia, Poland, Romania, Russia, Ukraine, United Arab Emirates and United Kingdom as at 31 December 2016, the relevant date for tax year 2017. We understand that, unless […]

Read More2017 YIELD RATES ANNOUNCED BY THE CYPRUS TAX AUTHORITIES – COURTESY OF PWC

The Cyprus Tax Authorities (CTA) recently informed the Institute of Certified Public Accountants of Cyprus (ICPAC) via a letter that with effect from 1 July 2017 they will cease their practice of specified minimum spreads on qualifying related-party financing transactions that was based on 2011 correspondence between the CTA and the ICPAC. The letter notes […]

Read MorePROFIT SPREADS ON RELATED-PARTY FINANCING TRANSACTIONS – COURTESY OF PWC

Cyprus’ double tax treaty network has been extended with four new treaties becoming effective as of 1 January 2017. These include treaties with India, Latvia, Bahrain and Georgia. The four new treaties are generally based on the Organisation for Economic Co-operation and Development Model Tax Convention framework with a number of modifications. This Alert summarizes […]

Read MoreCYPRUS EXPANDS IS TREATY NETWORK – COURTESY OF EY