NEWS

MAY 2016 – CYPRUS ISSUES CRS DECREE – COURTESY OF EY

On the 20th May 2016, the Cypriot Minister of Finance, pursuant to the powers accorded to him by means of Article 6(16) of the Assessment and Collection of Taxes Law, issued an Administrative Decree (‘’the...
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28 APRIL 2016 – COUNTRY BY COUNTRY REPORTING – COURTESY OF DELOITTE

On 27 April 2016 the Ministry of Finance of Cyprus announced its intention to amend the legislative framework in Cyprus in relation to Country-by-Country Reporting following the draft European Union Directive amending Directive 2011/16/EU, which...
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27 APRIL 2016 – ADMINISTRATIVE FEE FOR RULING ON TAX MATTERS – COURTESY OF DELOITTE

Deloitte would like to inform you that following the Decree issued by the Council of Ministers regarding the imposition of a fee for the issuance of a tax ruling (see our Tax Alert of 26...
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CYBER SECURITY EVENT IN ASSOCIATION WITH EIMF

On the 13th April 2016 CIBA in collaboration with the European Institute of Management and Finance (EIMF) Presented the lecture entitled “CYBER SECURITY” – A Tale From the Trenches With speaker Dr. Dimitrios Patsos who is the...
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CYBARCO THE OVAL ON THE UP

The new business class is on its way  On Wednesday the 9th of December, Cybarco, Cyprus’ leading luxury property developer, hosted a themed cocktail evening with CIBA members and friends of the Association at the Carob...
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CIBA MEMBERS MEETING MARCH 29TH

Rakis Christoforou who is the first Certified Public Accountant (CPA) in Cyprus to be Accredited in Business Valuation (AVB) and Certified in Financial Forensics (CFF) presented the members of the Cyprus International Businesses Association with...
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11 JANUARY 2016 – LOAN RESTRUCTURING – COURTESY OF DELOITTE

On 16 December 2015, the House of Representatives enacted into laws a number of significant tax law amendments regarding loan restructurings, which were published in the Official Cyprus Government Gazette on 31 December 2015. The...
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7 JANUARY 2016 – NID 2015 INTEREST RATES – COURTESY OF PWC

For the purposes of the notional interest deduction (NID) the Cyprus Tax Authorities announced on 7 January 2016 (in a revised version of their initial 31 December 2015 announcement) the interest yield of the 10...
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5 JANUARY 2016 – CYPRUS IP TAX REGIME – COURTESY OF PWC

The Ministry of Finance announce planned amendments to the Cyprus IP tax regime in line with the OECD BEPS Action 5 with maximum transitional periods. PWC Newsletter – Issue N-1-2016
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CIBA 2015 AGM

The Annual General Meeting was held on 17th November 2015 at 18.00 hrs at the Amathus Beach Hotel in Limassol. The closed session of the meeting was attended by the CIBA members and proceeded to...
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