Cyprus and Iran signed an Income Tax Treaty, on 4 August 2015, for the avoidance of double taxation and fiscal evasion with respect to taxes on income (the Treaty). The Treaty entered into force on 5 March 2017 and will come into effect on 1 January 2018. With this new Treaty, Cyprus has further expanded […]
Read MoreCYPRUS-IRAN DOUBLE TAX TREATY TO COME INTO EFFECT ON 1 JANUARY 2018 – COURTESY OF EY
Official notice of our 24th Annual General Meeting, is hereby given – which will take place on Friday 1st December, 2017 at 18.00 hrs at the Amathus Beach Hotel in Limassol (closed session for Members only) H.E. The President of the Republic of Cyprus, Mr. Nicos Anasastasiades has accepted our invitation to address the CIBA 2017 Annual […]
The Cyprus International Businesses Association (CIBA) in collaboration with the Norwegian Business Association Cyprus (NBAC) held an event entitled “Songa Offshore from the ashes to the fire – A Cypriot Energy Service Company Success Story” with guest speaker, Mr. Bjørnar Iversen, the CEO of Songa Offshore SE. Mr. Iversen enlightened the esteemed audience, regarding the financial […]
CIBA is pleased to announce its support of the Christmas Champagne Gala Dinner & Award Ceremony of the Russian Businesswoman of the year 2017, which is organised by the Cyprus Russia Business Association. This event will be held on Friday 1st December, 2017 at the Four Seasons Hotel in Limassol at 8pm. Follow the link http://www.cyprus-russian.org.cy/awards/ to read more […]
Read MoreCHRISTMAS CHAMPAGNE GALA DINNER & AWARD CEREMONY 1ST DECEMBER 2017 FOUR SEASONS HOTEL
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 […]