News – Page 2

August 11, 2023August 21, 2023Cyprus, Financial, News

Article titled “Debt–Equity Rules Shape Transfer Pricing Risk for Taxpayers” by Christos Theophilou of Taxand

Christos Theophilou of Taxand is delighted to inform you that his recent article titled “Debt–Equity Rules Shape Transfer Pricing Risk for Taxpayers” has been successfully published in Bloomberg Tax. The article explores the complexities involved in debt–equity classification for intra-group financing and the potential transfer pricing consequences for multinational taxpayers. You can access the published […]

July 20, 2023July 20, 2023News

Introducing our Member’s Amathus new brand identity

Amathus unveils its new logoAmathus Corporation Ltd has unveiled its new logo and brand identify while celebrating 80 years of delivering service excellence in transport, travel, and tourism. Amathus’s new logo is comprised of two elements: the seashell in the form of a tilted locator symbol, which is also interpreted as the letter a, and […]

July 11, 2023July 12, 2023EU, News

Data Protection: European Commission adopts new adequacy decision for safe and trusted EU-US data flows

Today, the European Commission adopted its adequacy decision for the EU-U.S. Data Privacy Framework. The decision concludes that the United States ensures an adequate level of protection – comparable to that of the European Union – for personal data transferred from the EU to US companies under the new framework. On the basis of the new […]

June 23, 2023June 23, 2023EU, Legal, News

SANCTIONS against Russia (Part 2) – 11th package of sanctions announced by the European Commission – The Full Council resolution

The European Commission today welcomed the approval by the European Council of the 11th package of sanctions. As per follow up, the full council resolution is now accessible here.

June 23, 2023June 23, 2023EU, News

SANCTIONS against Russia – 11th package of sanctions announced by the European Commission

The European Commission today welcomed the approval by the European Council of the 11th package of sanctions. The 11th package has these key elements: TRADE MEASURES TRANSPORT MEASURES ENERGY MEASURES ADDITIONAL LISTINGS ADDITIONAL CLARIFICATIONS OTHER The announcement is accessible here.

March 30, 2023May 11, 2023EU, News

Launch of coordinated enforcement on role of data protection officers by The European Data Protection Board

The European Data Protection Board has kicked off its 2023 coordinated enforcement action. Throughout the year, 26 Data Protection Authorities (DPA) across the EEA (including EDPS) will take part in the CEF 2023 on the designation and position of data protection officers (DPOs). As intermediaries between DPAs, individuals and the business units of an organisation, […]

March 23, 2023May 11, 2023Cyprus, News

CIBA Participates in the 2023 Primetel 5KM Corporate Race

CIBA once again participated in the Primetel 5KM Corporate Race which took place in Limassol on the 18th March 2023. We wish to thank all the companies that participated in our team, despite the cold and rainy weather. It was a day of connecting and having fun. Look forward to more companies running with the […]

March 2, 2023May 11, 2023Cyprus, News, Training and Events

Launch of Plan to participate with a government pavilion in the Technology and Information Exhibition “GITEX”, Dubai, October 2023

The Ministry of Energy, Commerce and Industry (Ministry) intends to participate in the largest international IT and Technology exhibition “GITEX”, which will be held in Dubai, UAE from 16 to 20 October 2023. To this end, the Ministry has announced the “De Minimis Aid Plan to Cypriot companies for participation in Service exhibitions abroad, in […]

February 15, 2023May 11, 2023Cyprus, News

New President of the Republic of Cyprus Mr. Nicos Christodoulides

Please see attached the relevant circular pertaining to the election of the New President of the Republic of Cyprus Mr. Nicos Christodoulides. Both, the President-elect’s Proclamation and Acceptance Speech can be accessed here in English.

December 29, 2022May 11, 2023Cyprus, News

A Year End Letter to our Members

Dear Members, What can we say about Closing the Year as Your Association? In hindsight, one can only look at 2022 with a bit of cynicism. This was supposed to be a year where COVID-19 would end and there would be a semblance of normality. Instead, we landed into the greatest geopolitical challenge that we […]

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