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 […]
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 […]
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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 […]
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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 […]
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 […]
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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).
Tax Facts & Figures 2020 Cyprus – Courtesy of PwC
Click the link here below to find out more regarding the tax system in Cyprus updated January 2020. https://www.pwc.com.cy/en/publications/assets/tax-facts-figures-2020english.pdf
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 […]
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 […]
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Cypriot Tonnage Tax scheme re-approved by EU Commission for 10-year period as of 1 January 2020 – Courtesy of EY
On 16 December 2019 the European Commission has approved under EU State aid rules, amongst others, the prolongation of a tonnage tax and seafarer scheme in Cyprus. The Commission assessed […]