This is to inform you of changes in the legal regulation of foreign investments in Russian companies. The amendments impose additional restrictions on some foreign investors in relation to assets which are considered to be of strategic importance to the Russian Federation. Here below the legal flash report issued by PwC Russia (Russian and English version) […]
CYPRUS: EXTENSION OF THE PROCEDURE FOR THE SETTLEMENT OF OVERDUE TAX LIABILITIES Further to the EY Tax Alert issued in June 2017, relating to the new law for the settlement of overdue taxes, please be informed that the Cyprus House of Representatives has voted for an amendment to this law (L.4(I)/2017) (“Law”) which effectively provides for an extension […]
Fleet Management’s Cyprus 10th Anniversary has take place on Friday 22nd September 2017 in Hilton Park, Nicosia. An excellent party that warmed hearts and stimulated minds as its senior management team, customers, partners, government and other state officials and representatives from the island’s shipping industry and business community toasted its achievements. The highlight of the […]
Read MoreCIBA MEMBER – FML SHIP MANAGEMENT LTD – CELEBRATES 10 YEARS IN CYPRUS!
VAT Obligations – Company Directors’ Liability: Supreme Court imposing imprisonment for Directors’ VAT criminal liability The Supreme Court, has announced a 4 month custodial sentence for two Directors whose entity failed to settle both accrued and assessed VAT and submit VAT returns. The Court has emphasized that the VAT provisions are of paramount significance for […]
World Maritime Day is celebrated today, 28 September 2017! “Connecting Ships, Ports and People” has been selected by the IMO as the World Maritime Day theme for 2017. The theme was chosen to provide an opportunity to focus on the many diverse actors involved in the shipping and logistics areas.
Read More“CONNECTING SHIPS, PORTS AND PEOPLE” – COURTESY OF WISTA INTERNATIONAL
The Cyprus Tax Department has recently announced that taxpayers from now on will be able to pay their VAT liabilities through online banking. Specifically the Tax Department has agreed with four major commercial banks (namely Ancoria Bank, Hellenic Bank, Cyprus Co-operative Bank and Bank of Cyprus) to offer to their clients a relevant facility to […]
IBSCY Ltd is pleased to announce their new partnership with NetSupport (http://www.netsupportsoftware.com). As from today IBSCY Ltd., are authorized to resell, setup, configure and maintain all software of Netsupport. For one more time, IBSCY Ltd., demonstrate their dedication on evolving, selling and maintaining new technologies and products in order to provide the ability for their new and existing customers to work […]
Press Conference: Made in Cyprus – The largest Exhibition on Cyprus Products & services On Monday 18th September 2017, World Trade Center Cyprus held a Press Conference at the Limassol Municipality about the 4th Exhibition Made in Cyprus. The largest exhibition on Cyprus products is organised by World Trade Center Cyprus for the 4th year […]
Read MorePRESS CONFERENCE: MADE IN CYPRUS – THE LARGEST EXHIBITION ON CYPRUS PRODUCTS & SERVICES
On 14 July 2017, the Cypriot Parliament approved the law amending Section 2 of the Income Tax Law (ITL) with respect to the tax residency of individuals. The amending legislation will be effective retroactively as of 1 January 2017. The relevant law implementing the new provisions took legal effect on 28 July 2017, when it […]
Read MoreAUGUST 2017 – CYPRUS INTRODUCES NEW TAX RESIDENCY RULES FOR INDIVIDUALS – COURTESY OF EY
On 27 January 2017 the Cyprus Parliament approved a new law which sets the procedure for settling overdue taxes, including interest and/or penalties arising thereon. The Cyprus government gazetted notification no. 200/2017 on this subject on 23 June 2017 and the Cyprus Tax Authorities issued an announcement on 28 June 2017. The notification specifies that […]