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...Read More
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...Read More
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...Read More
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...Read More
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...Read More
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...Read More
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...Read More
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...Read More
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...Read More
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...Read More
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 Read More
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...Read More
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...Read More
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...Read More
The Cyprus International Businesses Association, celebrated its 25th Annual General Meeting at the Amathus Hotel in Limassol, with exclusive sponsor ASTROBANK. Present at the AGM was the Chairman of ASTROBANK, Mr. Shadi A. Karam, who...Read More
CIBA supported with great success the Conference “Cyprus – Russia: the end of story or a new romance? A case study for business to prevent tax disputes” which was organised by Eurofast and Pepeliaev Group....Read More
CYPRUS ISSUES ANNOUNCEMENT ON COUNTRY-BY- COUNTRY REPORTING OBLIGATIONS RELATED TO CBCR EXCHANGE RELATIONSHIPS On 19 September 2018, the Cypriot Tax Department issued an announcement regarding Country-by-Country Reporting (CbCR) obligations related to CbCR exchange relationships as...Read More
