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Posted in News, News for Cyprus, News for Greece
Legal Entity Identifier for Legal Entities in Financial Transactions
In accordance with the European Systemic Risk Board (ESRB) recommendation, the Hellenic Capital Market Commission (HCMC) encourages all legal entities involved in financial transactions, under the HCMC’s supervisory competence…
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Posted in News, News for Cyprus, News for Greece
EU regulators recommend rapid action on Digital Finance
The three European Supervisory Authorities (EBA, EIOPA and ESMA) have recommended a series of actions to the European Commission, namely ten cross-sectoral recommendations and two insurance-specific recommendations, in order to ensure that the EU financial services regulation…
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Posted in News, News for Cyprus
Cyprus Tax News: Cyprus – Jordan tax treaty signed and published
On 17 December 2021, Cyprus signed a tax treaty for the avoidance of double taxation (the “treaty”) with Jordan, which was published in the Official Gazette on 31 December 2021.
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Posted in News, News for Cyprus
Cyprus Tax News: Laws for the prevention of international tax abuse
The Cyprus House of Representatives has voted into law two bills for amending the Cyprus Tax Legislation, with the purpose of strengthening the Cyprus tax framework for the prevention of tax abuse, tax evasion and tax avoidance.
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Posted in News, News for Cyprus
Cyprus Tax News: Extension to the deadline for payment of the 2021 annual company levy
We would like to inform you that that in accordance with the relevant announcement of the Department of Registrar of Companies and Intellectual Property, the deadline for payment of the 2021 annual company levy has been extended
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Posted in News, News for Cyprus
Cyprus Tax News: Amendments to the Income Tax Law
On 21 December 2021, two amending laws were published in the Official Gazette that aim to strengthen the Cyprus tax framework for the prevention of tax abuse.
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Posted in News, News for Greece
Article 48a: Capital gain tax for holding companies
With Article 20 of Law 4646/2019 Greece has incorporated the participation exemption clause. More specifically, Article 48 A of Income Tax Code states that there is no capital gain tax on the transfer of shares of subsidiaries by the mother company provided that owns the shares (subsidiary):
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Posted in News, News for Cyprus
Cyprus Tax News: The Register of Beneficial Ownership
The submission of data concerning beneficial ownership is due by 12 March 2022 in accordance with the relevant announcement of the Department of registrar of Companies and Intellectual Property.
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Posted in News, News for Cyprus, News for Greece
The Resilience and Recovery Guide
One of the hot topics the European Union is dealing with is the establishment and operation of a special new fund and program, the so-called Recovery and Resilience Facility (“RRF”). In response to the out¬break of the COVID-19 pandemic…
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Posted in News, News for Greece
Employment relationship in Greece according to 5c of Law 4172/2013
As we are aware and in the context of attracting foreign investments and expatriates in Greece, the Greek law has introduced new provisions in the Tax Law for this purpose, i.e. Articles 5a, 5b και 5c of Law 4172/2013.
