On 27/12/2018, the Cyprus Tax Authorities published a circular which come into force on 1 January 2019 and relates to VAT treatment on the ‘’effective transfer of the right to use’’ an immovable property. The long-term leasing of immovable property, for which the right to dispose the immovable property as owner or dispose the immovable […]
The Cyprus International Businesses Association, celebrated its 25th Annual General Meeting at the Amathus Hotel in Limassol, with exclusive sponsor ASTROBANK. Present at the AGM was the Chairman of ASTROBANK, Mr. Shadi A. Karam, who gave a brief welcome. The President of the Association, Mrs. Doxia Nikia Hadjivassiliou, gave her address to distinguished guests and […]
CIBA supported with great success the Conference “Cyprus – Russia: the end of story or a new romance? A case study for business to prevent tax disputes” which was organised by Eurofast and Pepeliaev Group. The event was opened by the First Secretary of the Embassy of the Russian Federation in the Republic of Cyprus […]
CYPRUS ISSUES ANNOUNCEMENT ON COUNTRY-BY- COUNTRY REPORTING OBLIGATIONS RELATED TO CBCR EXCHANGE RELATIONSHIPS On 19 September 2018, the Cypriot Tax Department issued an announcement regarding Country-by-Country Reporting (CbCR) obligations related to CbCR exchange relationships as follows: Constituent entities with a Cypriot Ultimate Parent Entity (UPE) will not be subject to local filing in their jurisdiction […]
CIBA is pleased to announce that it is supporting the proposal for the establishment of a Transport Analytics Centre of Excellence (TrACE) in Cyprus, through the WIDESPREAD-2017, TEAMING Horizon 2020 programme. The transportation industry is enormous, encompassing everything in terms of movement of both people and goods locally, regionally and internationally by land, sea and […]
To see the results of the survey conducted by the European Commission, regarding the change of clock between summer and winter time, please follow the link below:- https://www.dw.com/en/eu-to-stop-changing-the-clocks-juncker-pledges/a-45300586
Read MoreRESULTS OF SURVEY BY EU COMMISSION REGARDING THE CHANGE OF CLOCK TO SUMMER/WINTER TIME
We are pleased to inform you that the 2018-2019 Cyprus Country Report is now live. The Report includes in-depth interviews with the President of the Republic of Cyprus, Minister of Energy, Commerce, Industry and Tourism and Minister of Finance as well as detailed sector profiles and cutting-edge insights from Cyprus’ 100 most influential political, economic […]
Initiative by the European Commission regarding abolishing the daylight saving time. Take 2 minutes to express your views on the above mentioned subject via the link below:- https://ec.europa.eu/info/consultations/2018-summertime-arrangements_en Make your voice heard – complete and submit the survey by 16th August 2018.
Read MoreSURVEY BY EU COMMISSION REGARDING THE CHANGE OF CLOCK TO SUMMER/WINTER TIME
Electronic submission of the 2017 Personal Income Tax Returns (T.D.1) for employees and self-employed Further to a recent announcement of the Tax Department of Cyprus, the Taxisnet System (https://taxisnet.mof.gov.cy) is now open and can also accept electronic submissions of Personal Income Tax Returns (Form T.D.1) for employees and self-employed individuals for the tax year 2017. […]
Read MoreELECTRONIC SUBMISSION OF THE 2017 PERSONAL INCOME TAX RETURNS (T.D.1) – COURTESY OF EY
CIBA was a supporter of the 1st Conference for CFOs, organised by WTC Cyprus on behalf of ICPAC and its CFO Committee – Wednesday 23rd May at Amathus Hotel, Limassol with a participation of more than 130 delegates. Please follow the link below to read the press release of the event here below:- http://www.wtccy.org/?pageid=742
Read MoreCIBA REPRESENTED AT THE “CFO CONFERENCE: LEADERSHIP BEYOND FINANCE”