NEWS

PRESIDENT OF CIBA – MR. FRIXOS SAVVIDES’ INTERVIEW IN CYPRUS WEEKLY 26TH MAY 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...
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2017 CYPRUS COUNTRY REPORT

PLEASE CLICK HERE TO READ THE FULL REPORT :- http://www.cyprusprofile.com/en/cyprus-country-report
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CIBA AND CIIM PRESENT “CELEBRATING WOMEN IN BUSINESS: CHALLENGES AND OPPORTUNITIES”,

CIBA & CIIM ‘INSPIRING WOMEN IN PROFESSIONAL LIFE’ The Cyprus International Businesses Association (CIBA) and the Cyprus International Institute of Management (CIIM) organised an event “CELEBRATING WOMEN IN BUSINESS: CHALLENGES AND OPPORTUNITIES”, that took place...
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CIBA AND EY PRESENT “RECENT TAX DEVELOPMENTS: RUSSIA–CYPRUS AND GLOBAL TAX TRENDS” TAX CONFERENCE

News release Nicosia, 26 April 2017 EY Tax Conference tackles key tax challenges facing Cypriot and Russian companies in Cyprus ► Key topics included Cypriot legislative updates and tax developments, Cyprus in the new global tax...
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APRIL 2017 – VAT OBLIGATIONS – COMPANY DIRECTORS’ LIABILITY – COURTESY OF EY

VAT OBLIGATIONS – COMPANY DIRECTORS’ LIABILITY Summary: The Supreme Court of the Republic of Cyprus has recently released a judgment on the criminal liability of Directors for their companies’ failure to comply with the provisions...
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CIM SUMMIT 2017 – PRESS RELEASE

PRESS RELEASE –3- GOLD- CIM SUMMIT 2017
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CYPRUS-JERSEY DOUBLE TAX TREATY ENTERS INTO FORCE – COURTESY OF PWC

The first time double tax treaty (DTT) between Cyprus and Jersey signed in July 2016 entered into force on 17 February 2017 as per a recent update of the Cyprus Ministry of Finance. Per the...
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DOING BUSINESS REPORT 2017 – BY THE WORLD BANK GROUP

Doing Business 2017: Equal Opportunity for All, a World Bank Group flagship publication, is the 14th in a series of annual reports measuring the regulations that enhance business activity and those that constrain it. Doing...
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HACKING-THE SILENT THREAT TO YOUR BUSINESS! BY SOFTIMPACT

SOFTimpact LTD.,  presented the CYBER SECURITY event entitled: HACKING – The silent threat to your business! The event took place on Thursday 23rd February 2017 on the premises of Intership Navigation Co. Ltd. With a large turnout...
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2017 YIELD RATES ANNOUNCED BY THE CYPRUS TAX AUTHORITIES – COURTESY OF PWC

For the purposes of the NID the Cyprus Tax Authorities (CTA) have now announced the interest yields of the 10-year government bonds for Cyprus, Czech Republic, Germany, India, Latvia, Poland, Romania, Russia, Ukraine, United Arab...
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PROFIT SPREADS ON RELATED-PARTY FINANCING TRANSACTIONS – COURTESY OF PWC

The Cyprus Tax Authorities (CTA) recently informed the Institute of Certified Public Accountants of Cyprus (ICPAC) via a letter that with effect from 1 July 2017 they will cease their practice of specified minimum spreads...
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CYPRUS EXPANDS IS TREATY NETWORK – COURTESY OF EY

Cyprus’ double tax treaty network has been extended with four new treaties becoming effective as of 1 January 2017. These include treaties with India, Latvia, Bahrain and Georgia. The four new treaties are generally based...
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PROCEDURE FOR THE SETTLEMENT OF OVERDUE TAX LIABILITIES – COURTESY OF EY

The House of Representatives voted a new law (L. 4(I)/2017) regarding the procedure for the settlement of overdue tax liabilities. This law was published in the Official Gazette of the Republic (“Gazette”) on 03/02/2017 and...
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INTERVIEW – CHRIS KOUFARIS GENERAL SECRETARY CIBA – SUCCESSFUL BUSINESS MAGAZINE

Overregulation may damage business in Cyprus by Chris Koufaris To read the full article in Successful Business Magazine, follow the link here below:- https://issuu.com/brochvk.pdf/docs/sb24_issuu_/82
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TAXISNET ONLINE REGISTRATION BY MAY 2017

The Tax Department would like to inform you that online registration to the V.A.T. Taxisnet system is now available. Registration to the Taxisnet system is a prerequisite for the electronic submission of V.A.T. Returns and...
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LIMASSOL BURNISHING ITS BUSINESS CROWN – CYPRUS MAIL

An interesting article published in the CYPRUS MAIL http://cyprus-mail.com/2017/01/29/limassol-burnishing-business-crown/
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TAX FACTS AND FIGURES 2017 – COURTESY OF PWC

PWC Tax Facts and Figures 2017 publication – please follow link here below:- http://www.pwc.com.cy/tax-facts-figures
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AWARD TO SOFTIMPACT LTD.

At the CIBA 2016 AGM – SOFTimpact Ltd., a member company of CIBA, was presented with an award,  by the President of the Association Mr. Frixos Savvides, to thank them for their invaluable support in setting...
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CIBA 23RD ANNUAL GENERAL MEETING 2016

The CIBA 23rd Annual General Meeting took place with great success, on Friday 2nd December 2016 at the Amathus Hotel in Limassol with exclusive sponsor EY. In the closed session the General Secretary read his...
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28 NOVEMBER 2016 – REVISED TAX TREATY SIGNED WITH INDIA – COURTESY OF DELOITTE

Following the completion of the negotiations between Cyprus and India on 29 June 2016, the two countries signed a revised tax treaty on 18 November 2016, which was published in Cyprus’ Gazette on 25 November...
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