Deloitte would like to inform you that following the Decree issued by the Council of Ministers regarding the imposition of a fee for the issuance of a tax ruling (see our Tax Alert of 26 April 2016), the Tax Authorities have announced further details in relation to the practical application of the Decree. Cyprus Tax […]
Read More27 APRIL 2016 – ADMINISTRATIVE FEE FOR RULING ON TAX MATTERS – COURTESY OF DELOITTE
On the 13th April 2016 CIBA in collaboration with the European Institute of Management and Finance (EIMF) Presented the lecture entitled “CYBER SECURITY” – A Tale From the Trenches With speaker Dr. Dimitrios Patsos who is the Chief Technology Officer of ADACOM S.A., a leading Cyber Security solutions provider in EMEA. Dr. Dimitrios Patsos is the Chief […]
The new business class is on its way On Wednesday the 9th of December, Cybarco, Cyprus’ leading luxury property developer, hosted a themed cocktail evening with CIBA members and friends of the Association at the Carob Mill in Limassol. Themed “Limassol, an International Business Hub”, the event focused on Limassol as a new vibrant and international […]
Rakis Christoforou who is the first Certified Public Accountant (CPA) in Cyprus to be Accredited in Business Valuation (AVB) and Certified in Financial Forensics (CFF) presented the members of the Cyprus International Businesses Association with a very interesting lecture on “THE LATEST DEVELOPMENTS ON AML – ANTI-MONEY LAUNDERING, FATCA – FOREIGN ACCOUNT TAX COMPLIANCE ACT […]
On 16 December 2015, the House of Representatives enacted into laws a number of significant tax law amendments regarding loan restructurings, which were published in the Official Cyprus Government Gazette on 31 December 2015. The amendments facilitate tax free loan restructurings and aim to encourage the restructuring of non-performing loans (NPLs). Cyprus Tax News 11 […]
Read More11 JANUARY 2016 – LOAN RESTRUCTURING – COURTESY OF DELOITTE
For the purposes of the notional interest deduction (NID) the Cyprus Tax Authorities announced on 7 January 2016 (in a revised version of their initial 31 December 2015 announcement) the interest yield of the 10 year government bonds for Cyprus, India, Russia, Romania and Germany as at 31 December 2014, the relevant date for tax […]
Read More7 JANUARY 2016 – NID 2015 INTEREST RATES – COURTESY OF PWC
The Ministry of Finance announce planned amendments to the Cyprus IP tax regime in line with the OECD BEPS Action 5 with maximum transitional periods. PWC Newsletter – Issue N-1-2016
Read More5 JANUARY 2016 – CYPRUS IP TAX REGIME – COURTESY OF PWC
The Annual General Meeting was held on 17th November 2015 at 18.00 hrs at the Amathus Beach Hotel in Limassol. The closed session of the meeting was attended by the CIBA members and proceeded to its business at 18.00 hours chaired by President Frixos Savvides. The President referred to the Financial Statements of 2014 and […]