What does ransomware do? There are different types of ransomware. However, all of them will prevent you from using your PC normally, and usually they encrypt all the files and data you have. They can target any PC users, whether it’s a home computer, endpoints in an enterprise network, or servers. Ransomware can: • Prevent you […]
Read MoreIMPORTANT: RANSOMWARE ATTACKS – COURTESY OF IBSCY LTD A MTN MEMBER COMPANY
We are proud to inform you that on Wednesday 21st June 2017, at the Annual General Meeting of the Institute of Certified Public Accountants of Cyprus (ICPAC), the President of ICPAC announced that the 2017 member award FOR OUTSTANDING CONTRIBUTION has been awarded to FRIXOS SAVVIDES. As we all know, recognition by peers is the […]
Read MoreFRIXOS SAVVIDES RECOGNISED BY PEERS AT ICPAC 2017 AGM FOR OUTSTANDING CONTRIBUTION
Cyprus and Luxembourg signed a first time Double Tax Treaty (DTT) on 8 May 2017, opening the way for new investment opportunities and trade relations between the two Countries. The text of the DTT was recently made available by the Luxembourg tax authorities. Neither county has yet ratified the DTT. The DTT will take effect […]
Read MoreJUNE 2017 – CYPRUS AND LUXEMBOURG SIGN FIRST TIME DOUBLE TAX TREATY – COURTESY OF PWC
68 jurisdictions sign the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS On 7 June 2017, 68 jurisdictions signed the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS (the MLI) during a signing ceremony hosted by the Organisation for Economic Co-operation and Development (OECD) in Paris. Eight other jurisdictions […]
Read More68 JURISDICTIONS SIGN THE MULTILATERAL CONVENTION – COURTESY OF EY
FILING OF TEMPORARY TAX RETURN FOR 2017 AS PER THE ASSESSMENT AND COLLECTION OF TAXES LAW, EVERY COMPANY OR INDIVIDUAL (WHO DERIVES INCOME OTHER THAN FROM EMOLUMENTS) MUST FILE BEFORE 31 JULY 2017 AN ESTIMATE OF THE TAXABLE PROFIT FOR (CORPORATE) INCOME TAX PURPOSES AND THE RESULTING TAX LIABILITY FOR THE YEAR 2017. To read […]
Read MorePAYMENT OF TEMPORARY TAX FOR TAX YEAR 2017 & FINAL TAX FOR TAX YEAR 2016 – COURTESY OF EY
The EY report titled “Coming into focus: Tax transparency’s new normal” is designed to provide you with a series of insights and global updates on the topics of transparency and disclosure, covering national implementation of new requirements under the OECD’s BEPS Action 13, as well as a range of European and national level developments. The […]
Read MoreCOMING INTO FOCUS: TAX TRANSPARENCY’S NEW NORMAL – COURTESY OF EY
On 26 May 2017, the Cypriot Ministry of Finance issued a new decree (the Decree) on Country-by-Country Reporting (CbCR) pursuant to the powers given under Section 6 (16) of the Assessment and Collection of Taxes Law. The Decree replaces the previous decree dated 30 December 2016. The Decree provides more clarity with respect to identifying […]
Read MoreJUNE 2017-CYPRUS ISSUES NEW DECREE ON COUNTRY-BY-COUNTRY REPORTING-COURTESY OF EY
The Cyprus International Businesses Association with the support of ICPAC ( The Institute of Certified Public Accountants of Cyprus) invited the Commissioner of Taxation Mr. Yiannis Tsangaris to address the CIBA members, as well as the members of ICPAC, at an event which was held at the Four Seasons hotel in Limassol. The event was […]
Read MoreCIBA AND ICPAC EVENT WITH SPEAKER THE COMMISSIONER OF TAXATION
FS thanked Philippos Antoniades and Lefkios Papadopoulos for their services to the CIBA Executive Committee and awarded them each with a plaque to commemorate their service on the board. Both Philippos Antoniades and Lefkios Papadopoulos resigned from the board at the beginning of 2017.
The Cyprus Weekly spoke with CIBA President Frixos Savvides to find out more about the association whose stated mission is ‘taking care of the international business community in Cyprus’. Read the full article here:- CIBA Interview-Frixos Savvides
Read MorePRESIDENT OF CIBA – MR. FRIXOS SAVVIDES’ INTERVIEW IN CYPRUS WEEKLY 26TH MAY 2017