NEWS

Cyprus Investment Program 15.05.2019

As a part of its policies aiming to further encourage Foreign Direct Investment and to attract high net worth individuals to settle and do business in Cyprus the Council of Ministers established the "Cyprus Investment...
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Payment of temporary tax for the tax year 2019 and final tax for the tax year 2018 – Courtesy of EY

As per the Assessment and Collection of Taxes Law, every company or individual (who derives income other than from emoluments) must pay before 31 July 2019 an estimate of the taxable profit for (corporate) income...
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CIBA participates at the UCLAN Roundtable Discussion – The Cyprus Banking Reform: An opportunity to refine the Banking System?

CIBA was honoured to participate at the roundtable discussions, held on the current Cyprus Banking Reform, organised by The School of Business and Management of UCLan Cyprus.
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VAT Treatment of Vouchers and Updates relating to Telecom / Electronic Services – Courtesy of EY

Significant Amendments affecting a number of Cypriot businesses The Cyprus House of Representatives passed amendments to the VAT Law as well as issued Regulations which set out the changes in the VAT treatment of vouchers...
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Cyprus – Kazakhstan tax treaty signed and published – Courtesy of Deloitte

On 15 May 2019, Cyprus signed a tax treaty with Kazakhstan which was published in the Gazette on 24 May 2019. This is an important development as Kazakhstan is the 9th largest country in the...
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Cyprus Tax Facts 2019 – Courtesy of PwC

Cyprus Tax Facts 2019 – PwC https://www.pwc.com.cy/en/publications-newsletters/tax-facts-figures.html  
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Updates on Benefits in Kind – Courtesy of EY

The Tax Department issued two interpretative circulars providing certain clarifications with regard to the Informative booklet on Benefits in Kind which was issued in October 2018. The first circular provides clarifications regarding the below provisions...
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Important CJEU Update: Courtesy of EY

Important CJEU Update: Recovery of VAT on qualifying bad debt in cases where debtors are no longer VAT registered Action Required In case C-127/18, the Court of Justice of the European Union held that a...
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CIBA Inaugural social event for the Cyprus International Business Week 7th – 10th May 2019

To inaugurate the 1st Cyprus International Business Week, 2019 - CIBA held a social cocktail event on the 6th May 2019
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Central Bank of Cyprus – “Ship Management Report” – 1 July 2018 – 31 December 2018 🗺

We wish to inform you that the Statistics Department of the Central Bank of Cyprus has published the new “Ship Management Report”, which covers the period 1 July 2018 – 31 December 2018. The said...
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Cyprus Healthcare System Presentation in English

CIBA organised a presentation of the Cyprus Healthcare System in English at the Columbia Plaza, Limassol
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BREXIT

The European Commission issues Notices on the legal and practical implications of the withdrawal of the United Kingdom from the European Union. These Notices aim at preparing citizens and stakeholders for the withdrawal of the...
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Cyprus International Business Week 2019

Cyprus International Business Week 2019 – Monday the 6th – Friday the 10th of May 2019 – Limassol. The Cyprus International Businesses Association (CIBA) is proud to be the Lead Supporting partner of the 1st...
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Brexit Update: Tax Dept guidance on VAT refunds, VIES and Intrastat – Courtesy of EY

Brexit Update: Tax Department issues guidance on VAT refunds, VIES and Intrastat declarations United Kingdom will be treated as a third country for VAT purposes after 29 March 2019 (subject to potential “deal” details and...
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CIIM Training Calendar 2019

Please click here to access the Training Calendar of CIIM for 2019! For further information and to book please contact:- Helen Lambrou Market Development and Sales Manager CIIM Limassol T: 25 87 87 82, F: 25...
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ANNOUNCEMENT – Welcome new General Secretary of CIBA – Mr. Andreas Pishias

The Cyprus International Business Association (CIBA) would like to announce the recruitment of Mr.  Andreas Pishias as its General Secretary, as of 18th February 2019. Mr. Pishias, has extensive multi-country experience having worked with international...
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CIBA New Members 2018

NEW MEMBERS 2018 ACTIVITY WEBSITE WISE WOLVES CAPITAL (EU) LTD. Fiduciary / Brokerage / Payments www.wise-wolves.com RARETRAIL HOLDING LIMITED Financial Services www.raretrail.com FINECISION ART LTD. Collectors and restorations of art  N/A EXNESS (CY) LTD. Investment...
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President of CIBA’s article in the International Property & Travel Magazine – A Five-Star read

      Please see the article of the President of CIBA, Mrs. Doxia Nikia Hadjivassiliou on pages 80-81, in the latest issue of the International Property & Travel Magazine        
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VAT treatment for leasing of immovable property – Courtesy of Areti Charidemou & Associates LLC

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...
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Shadow Carbon Pricing Methodology – Technical note by EBRD

The  European Bank for Reconstruction and Development has recently published a technical note describing the economic assessment methodology of EBRD projects with high greenhouse gas emissions, which can be accessed on the EBRD website at...
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