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Posted in News, News for Cyprus
Cyprus to implement EU’s Anti-Tax Avoidance Directive
Cyprus is currently in the process of implementing the EU Anti-Tax-Avoidance Directive (ATAD), which basically aims at preventing multinational companies sheltering their profits in low or no tax jurisdictions.
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Posted in News, News for Cyprus
Social Insurance Contributions
Social Insurance Contributions have increased by 0,5% as from 1 January 2019. As of the beginning of the year, both employer and employee Social Insurance Contributions will increase by 0,5%, from 7,8% to 8,3%. The increase will be applicable for the next five years. Additionally, the Social Insurance Contributions payable by self-employed individuals will increase by […]
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Posted in News, News for Cyprus
“Shell Company” definition according to the Central Bank of Cyprus
With reference to the above and further to the circular letter of 14 June 2018, the Central Bank of Cyprus issues the current circular, which enters into force immediately, setting out a revised definition for shell companies/entities as follows: 1. The term “shell company/entity” refers to a limited liability company or any other legal/business entity […]
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Posted in News, News for Cyprus, News for Greece
Workshop on European Institutions in Brussels organized by Andersen & Legal
Our firm participated in a workshop on European Institutions in Brussels organized by Andersen & Legal. Our associate Kleio Kondi represented our firm and had the opportunity to discuss with EU officials issues such as IT digital Business, EU tax law, EU competition law and EU consumers law.
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Posted in News, News for Cyprus, News for Greece
Andersen Global Announces New board of Directors for Europe
Andersen Global named the members of the European Regional Board of Directors. This regional board will advise the global organization on issues critical to the continent to ensure that the group is working in a seamless way across the different countries of the region, practice areas, industries and also on the management of common protocols. […]
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Posted in News, News for Cyprus, News for Greece
Every summer has a story
Summer is here. It is time to create new stories, to explore new places and to refill your mind with energy. Don’t forget to bring back good memories. As always, we will be here to serve you during August. We will only take a break between 13/8/2018 – 17/8/2018.
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Posted in News, News for Cyprus
Σχέδιο Περιθωρίου Οργανωτών Τουριστικών Περιηγήσεων – Ερμηνευτική Εγκύκλιος
Νομοθεσία που εφαρμοζόταν μέχρι την έκδοση της εγκυκλίου 223 Το Ειδικό Καθεστώς Οργανωτών Τουριστικών Περιηγήσεων γνωστό και ως Σχέδιο Περιθωρίου Οργανωτών Τουριστικών Περιηγήσεων (ΣΠΟΤΠ) εφαρμόζεται βάσει των διατάξεων του Άρθρου 41 του περί ΦΠΑ Νόμου του 2000 (Ν95 (Ι)/2000) και των Κανονισμών 129 – 136 των περί Φ.Π.Α. (Γενικών) Κανονισμών του 2001 (Κ.Δ.Π. 314/2001). Μέχρι […]
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Posted in News, News for Cyprus
VAT Update Land Leasing Property
Introduction The House of Representatives of Cyprus on 3 November 2017, voted into law an amendment to the Cyprus VAT legislation, which will impose VAT at the standard rate of 19% on certain transactions involving immovable property that are carried out for business purposes and that currently are exempt from VAT, in order to be […]
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Posted in News, News for Cyprus
The «60-day tax residency rule» for individuals
A recent amendment in the Cyprus Income Tax Law introduced the new 60-days rule for individuals. Pursuant to the foregoing amendment, an individual shall be considered Cyprus tax resident, subject to the following five (5) conditions which must be fulfilled cumulatively in a tax year: resides in Cyprus for a period or periods of at […]
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Posted in News, News for Cyprus
New Non-Domiciled Rules in Cyprus
Forward As part of the overall exertion to improve Cyprus’ attractiveness as an international business and financial center, and in order to remain highly compliant as a traditional jurisdiction, the House of Representatives passed a number of new laws. One of the changes, introduced the new status of a “non-domicile” (non-dom) individual, with tax exemptions over dividends […]
