The Cyprus Ministry of Finance has announced that Cyprus and the Arab Republic of Egypt signed a new double tax treaty on 8th October 2019. For further information click on the link below:- PwC direct-tax-update-n-12-2019-cyprus-egypt-double-tax-treaty
Read MoreCyprus-Egypt sign new double tax treaty – Courtesy of PwC
The EU blacklist, first adopted on December 5, 2017, is part of the EU’s effort to clamp down on tax avoidance and harmful tax practices. Out of the ninety-two jurisdictions initially chosen for screening, seventeen jurisdictions were placed on the blacklist in December 2017. Over the course of 2018, most of the countries and territories […]
Read MoreEU Blacklist Update – Courtesy of KPMG’s EU Tax Centre
The Cypriot Tax Department has published the 2018 income tax return for companies. The only difference between the 2018 and 2017 income tax return template is an addition made in Part 3 – “Computation of Taxable Income” whereby in case the tax payer is involved in intra-group financing arrangements (i.e. relating to loans financed out […]
Read More2018 Income Tax Return (Form T.D.4) for Companies – Courtesy of EY
It is CIBA’s stated aim to provide tangible value to its member companies and even more so in the field of Education. To this end, CIBA announces its agreement with the Cyprus International Institute of Management (CIIM) to offer 10 partial scholarships to CIBA company members or their immediate family. The Scholarship scheme is applicable […]
The General Secretary of CIBA Mr. Andreas Pishias together with other key associations and members of the business community in Cyprus met with the British Government’s Secretary of State for Exiting the European Union The Rt Hon Mr. Steve Barclay and members of the British High Commission. The meeting which took place at the British […]
Read MoreBREXIT – Meeting organised by British High Commission
Salary SurveyLaunch of interactive platform Human Asset Ltd, a member company of CIBA, operating in the HR Advisory Field, is conducting an innovative interactive Salary Survey. In this survey all companies can participate as they will be able to benefit from the on line Salary Survey Platform. The market has changed: • in many industries […]
Earlier this year the United States Treasury Department’s Office of Foreign Assets Control (OFAC) has published a “Framework for OFAC Compliance Commitments” in order to provide organizations subject to U.S. jurisdiction, as well as foreign entities that conduct business in or with the United States or U.S. persons, or that use U.S.-origin goods or services, […]
Read MoreGuidance on the United States sanctions compliance programmes published by OFAC
CIBA announces upcoming collaboration with QUBE Events! QUBE Events is organising the Financial Innovation Forum 2019 which is an elite platform of international industry experts gathered for engaging discussions on the latest developments, trends, best practices, compliance and regulatory considerations in the use of technology, digital advances and innovative solutions. If you are interested in […]
Read MoreFinancial Innovation Forum 2019 – Parklane 10th – 11th October
Due to unforeseen circumstances on behalf of the Bank of Cyprus Compliance Department, this event has been postponed for October 2019. We apologize for the inconvenience that may be caused and will revert with new details once finalized.