News

Neuro-HR on Board: Brain Science Approaches in Managing People – C.I.I.M

                        Free Seminar Neuro-HR on Board: Brain Science Approaches in Managing People By Dr Alexandros Psychogios Date: Friday, 13 March 2020 Hours: 7:00-8.30pm Venue: CIIM Limassol, 3-5 Chaidariou Limassol For Reservations and more information about the event please click here.      

PPOSTPONED -The Art of Doing Business – Ethically!

ETHICS Meaning – moral principles that govern a person’s behaviour or the conducting of an activity. Philosophers have been discussing ethics for at least 2500 years, since the time of Socrates and Plato. Ethics involves learning what is right or wrong, and then doing the right thing, but “the right thing” is not nearly as […]

EU list of non-cooperative jurisdictions – Courtesy of EY

On 18th February 2020 the EU Council adopted revised conclusions on the EU list of non-cooperative jurisdictions. The list, which was set up in 2017 after revelations of widespread tax evasion and avoidance schemes, is now amended to include 4 more countries (namely Panama, the Seychelles, the Cayman Islands and Palau) extending the number of […]

Cyprus: Settlement of Overdue Tax Liabilities – Courtesy of EY

Cyprus: Settlement of Overdue Tax Liabilities – extension to the application of the Law Relating to the Law (L.4(I)/2017) (“Law”) for the settlement of overdue tax liabilities, the Cyprus House of Representatives has voted for an amendment to this Law which in effect, provides for an extension to the period during which an application for […]

CIBA NEW MEMBERS 2019

COMPANY NAME ACTIVITY WEBSITE METDIST LTD. Non-ferrous Metals / Financial Services N/A ORGANAT FINANCIAL LIMITED Provision of Financing Facilities www.fiduciana.net E.A. HOME CHIC PROPERTIES LTD. Construction and Development www.chicpropertycyprus.com KIP CONSULTING LTD. / CEDAR OASIS Real Estates Invesments www.cedarsoasis.com ALLEA GLOBAL PROPERTIES LTD. Development and Investment Company www.alleagroup.com STAR HILLS PRODUCTION LTD. Conference and Event […]

Announcement from TAX DEPARTMENT re Call-off Stocks

Circular from the Tax Department: As of 01/01/2020 new procedures relating to the transport of goods to other EU-member states as Call-off Stocks have been put in place. For more information and the circular of the Tax Department please press here Aπό 1/1/2020 έχουν τεθεί σε εφαρμογή ρυθμίσεις που αφορούν τις μεταφορές ή αποστολές αγαθών […]

Columbia Shipmanagement Ltd And The Cyprus Marine And Maritime Institute Sign MoU For Launch Of Digital Waves Project

Columbia Shipmanagement Ltd (CSM) and the Cyprus Marine and Maritime Institute (CMMI) today signed an MOU to launch Digital Waves, which constitutes a comprehensive joint innovation programme to explore the digitalisation of certain domains of the maritime industry. The programme includes research and innovation in domains such as the gathering of data on ships and other stakeholders coupled with the latest trends in connectivity and artificial intelligence (AI).

Increase of the limit for certain allowances for individuals from one-sixth 1/6 to one-fifth 1/5 – Courtesy of Deloitte

On 19 December 2019, an amending Income Tax Law (ITL) was published in the Official Gazette, providing for an increase to the annual limit for certain allowances which are deductible from an individual’s taxable income. The limit of the allowances provided for in Article 14 of the ITL is increased from one-sixth 1/6th to one-fifth […]

Deemed Dividend Distribution as at 31 December 2019 – Courtesy of Deloitte

We would like to remind you of the deemed dividend distribution (DDD) provisions of the Special Contribution for the Defence Law that apply on 31 December 2019. What profits are within the scope of the DDD provisions? The DDD provisions apply to the profits of Cypriot tax resident companies that are attributable directly to Cypriot […]