News

CIBA / NBAC JOINT EVENT “LIMASSOL PORT UNDER NEW MANAGEMENT”

The Cyprus International Business Association in collaboration with the Norwegian Business Association Cyprus, organised with great success an event entitled “Limassol port under new management”, with speaker Lazaros Charalambous, the Commercial Manager of DP World. The event was held at the Four Seasons Hotel and there were many participants from both associations, as well as […]

RUSSIAN NEWS: EXTENSION OF THE CAPITAL AMNESTY DEADLINE – COURTESY OF PWC

This is to inform you of the bills on tax amnesty providing for the extension of the capital amnesty deadline, which have passed their third reading in the Russian State Duma. The bills introduce the so-called “second stage” of the amnesty programme. We attach below the tax report issued by PwC Russia in English, in […]

VAT AND HOLDING COMPANIES – COURTESY OF PWC

On 9 January 2018, the TAX Authority has released Circular 222 which provides the Tax Authority’s interpretative guidance on the interaction between holding companies and VAT. In particular, the Circular reconfirms the decided ECJ principles that active holding companies are business persons, while at the same time confirms that active holding companies are able to […]

ELECTRONIC SUBMISSION OF 2017 INCOME TAX RETURNS FOR INDIVIDUALS – COURTESY OF EY

Mandatory electronic submission of 2017 Income Tax Returns for Individuals As a result of a recent amendment of the Income Tax Law, as of tax year 2017, the Income Tax Return of an individual can only be submitted electronically. For the purposes of electronic submission of Income Tax Returns, an individual should be registered with […]