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Posted in News, News for Cyprus
Cyprus News: Transfer Pricing – CUP Method
The Inland Revenue Department has clarified that the most appropriate method for financing transactions for transfer pricing purposes is the Comparable Uncontrolled Price (CUP) method, effective from the tax year 2023 onwards.
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Posted in News, News for Cyprus
Cyprus News: Withholding obligations on rental payments amended
As of 9 June 2023, every person who has the obligation to withhold special contribution for defence from rental payments should pay in 2 instalments, by the 30th of June and by the 31st of December of each year, the relevant amount withheld.
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Posted in News, News for Greece
e-Apostile: The electronic notarization of The Hague is now available via gov.gr
According to the law, non-cooperative states are those that are not member states of the European Union, their situation, regarding the transparency and exchange of information in tax matters, has been examined by the Organization for Economic Co-operation …
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Posted in News, News for Cyprus
Cyprus News: New Employment Tax Exemption Amended
The House of Representatives recently voted on amendments in connection to the 50% exemption from income tax on the employment related remuneration subject to conditions. The amendments have retroactive effect as from 1 January 2022 and are listed below…
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Posted in News, News for Cyprus, News for Greece
M&A and PE Market Trends Europe: 1st Semester
Target M&A hit a 10-year low, dropping by 49% compared to 2022 levels. After a challenging start, the upcoming quarters are projected to witness a surge in the volume and number of deals globally, surpassing 2022 figures. Industrials and technology sectors are on the rise, becoming hotspots for mergers and acquisitions.
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Posted in News, News for Cyprus, News for Greece
A guide to enforcing foreign court judgments across various Jurisdictions – Newsletter | July 2023 Edition
The ultimate purpose of any litigation or alternative dispute resolution procedure is obtaining an enforceable decision (award). Based on this premise, our chosen topic covers the most common issues typically arising in the course of enforcing domestic judicial decisions in other jurisdictions.
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Posted in News, News for Cyprus, News for Greece
The Andersen Legal Briefing: Volume 3 – The Metaverse Issue
The third issue of the Andersen Legal Magazine, “The Andersen Legal Briefing” is now available online. The Metaverse and AI issue. Our team of experts provides insightful analysis and commentary on the legal challenges and opportunities that arise in the metaverse…
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Posted in News, News for Greece
Special Real Estate Tax: Documentation and exemptions
According to the law, non-cooperative states are those that are not member states of the European Union, their situation, regarding the transparency and exchange of information in tax matters, has been examined by the Organization for Economic Co-operation …
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Posted in News, News for Cyprus
Cyprus Tax News: Primary Residence – VAT update
An amendment to Cyprus VAT Law provides the new legislative framework for 5% Value Added Tax (VAT) rate on the acquisition and/or construction of a primary residence in Cyprus.
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Posted in News, News for Greece
The change of tax residence and the decisions of the Supreme Court
According to the law, non-cooperative states are those that are not member states of the European Union, their situation, regarding the transparency and exchange of information in tax matters, has been examined by the Organization for Economic Co-operation …
