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Posted in News, News for Cyprus
Zero-Rated Value-Added Tax (VAT) on certain consumer goods
An amendment to the Cyprus VAT Law imposes a zero (0%) VAT rate up to 31 October 2023 for the below goods: bread, milk, eggs, baby foods, baby diapers, feminine hygiene products, adult diaper.
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Posted in News, News for Cyprus, News for Greece
Europe M&A Trends – Q1
Keep up-to-date with the latest trends and analysis with our industry experts. Recent data indicates a predicted slight increase in announced volume in Q2 2023, with a significant quarter-over-quarter increase of around 10%.
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Posted in News, News for Cyprus, News for Greece
Global Mobility Guide
Andersen’s European Global Mobility team is committed to making the process of international employment as effortless as possible for clients. Our professionals are available to provide support and guidance in navigating the complexities of relocating employees.
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Posted in News, News for Cyprus
FAQs on Transfer Pricing
Cyprus Tax Department has published on the web page a section concerning Frequently Asked Questions (FAQs) in connection to Transfer Pricing (TP) requirements. This update clarifies the exemption thresholds and reporting requirements.
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Posted in News, News for Cyprus, News for Greece
Beyond the Hype: Real-World Applications of AI
The Andersen European Technology Industry Group has recently issued a document discussing the rapid growth of Artificial Intelligence (AI) and its impact on our daily lives.
AI is no longer a futuristic concept. Healthcare, banking, and manufacturing are just a few of the industries that have used AI. Only a small portion of AI’s vast potential has even begun to be explored. -
Posted in News, News for Cyprus, News for Greece
ChatGPT and Employees
ChatGPT (Chatbot as a Generative Pretrained Transformer), the most prominent current example of Generative Artificial Intelligence (AI), is an artificially intelligent chatbot designed by “OpenAI” and supported by Microsoft. Although ChatGPT has received very positive reviews and has been described as “the best artificial intelligence …
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Posted in News, News for Cyprus
Transition from TAXISnet to TFA – Stage 1
The Commissioner of Taxation issued an alert on 17 March 2023, informing the public of the commencement of the first stage of the new platform Tax For ALL (TFA), on 27 March 2023. Through its alert, the Commissioner informs…
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Posted in News, News for Cyprus, News for Greece
European Guide to Support Employers – Remote Work in Europe
Andersen´s European Employment and Labor Law has prepared a new edition of the European Guide to Support Employers – Remote Work in Europe. Remote work is a rapidly growing trend in the European job market. Although the concept goes back more than 50 years, and in some European countries the …
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Posted in News, News for Cyprus, News for Greece
France’s data protection authority fined Discord for various GDPR violations
Law 4990/2022 transposed EU Directive 2019/1937 into Greek law for the protection of persons reporting breaches of EU law, introducing provisions for the protection of whistleblowers from reprisals, the obligation to appoint an Officer responsible for receiving and handling the reports, and…
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Posted in News, News for Cyprus
Back-to-Back financing arrangements retroactively terminated
The Commissioner of Taxation issued Circular 1/2023, which states that the provisions relating to “back-to-back” financing arrangements are retroactively terminated as of 31 December 2021. Based on the above, the application of the simplification measures on the intra-group “back-to-back”…
