Archive: Cyprus

Filter

India’s CBDT identifies Cyprus as Notified Jurisdictional Area [TAX ALERT]

India’s CBDT identifies Cyprus as Notified Jurisdictional Area [TAX ALERT]

April 17, 2014. Tags: , , , , ,

India’s Central Board of Direct Taxes (CBDT), the apex Indian Tax Administrative body, recently issued a Press Release dated 1 November 2013 (Press release), identifying …

Cyprus expands treaty network as of 1 January 2014 [TAX ALERT]

Cyprus expands treaty network as of 1 January 2014 [TAX ALERT]

February 18, 2014. Tags: , , , , , , , , ,

Cyprus’ Double Tax Treaty network has been significantly extended with five new treaties becoming effective as of 1 January 2014. These include treaties with Portugal, …

Double Tax Treaty between Cyprus and Ukraine enters into force on 1 January 2014 [TAX ALERT]

Double Tax Treaty between Cyprus and Ukraine enters into force on 1 January 2014 [TAX ALERT]

February 4, 2014. Tags: , , , ,

The Convention for the avoidance of double taxation and prevention of fiscal evasion with respect to taxes on income (the Treaty or Convention) enters into …

Cyprus: VAT rates increased

Cyprus: VAT rates increased

January 20, 2014. Tags: , ,

On 13 January 2014, the Government increased the standard and reduced rates of value added tax applied to the supply of goods and services, as …

India’s CBDT identifies Cyprus as Notified Jurisdictional Area [TAX ALERT]

India’s CBDT identifies Cyprus as Notified Jurisdictional Area [TAX ALERT]

December 19, 2013. Tags: , , , , ,

India’s Central Board of Direct Taxes (CBDT), the apex Indian Tax Administrative body, recently issued a Press Release dated 1 November 2013 (Press release), identifying …

Cyprus and Ukraine complete procedures to bring new treaty into force [TAX ALERT]

Cyprus and Ukraine complete procedures to bring new treaty into force [TAX ALERT]

October 30, 2013. Tags: , ,

On 23 September 2013, the Inland Revenue Department of the Cypriot Ministry of Finance issued its Circular No. 2013/16, announcing that Cyprus and Ukraine have …

Cyprus: registration of trusts – clarification

Cyprus: registration of trusts – clarification

October 18, 2013. Tags: ,

In addition to previous reports, further clarifications are available. According to the amendments, it is obligatory for persons managing and administering trusts to determine, verify and …

Cyprus and Ukraine complete procedures to bring new treaty into force [TAX ALERT]

Cyprus and Ukraine complete procedures to bring new treaty into force [TAX ALERT]

October 18, 2013. Tags: , ,

On 23 September 2013, the Inland Revenue Department of the Cypriot Ministry of Finance issued its Circular No. 2013/16, announcing that Cyprus and Ukraine have …

Cyprus: mandatory registration of trusts introduced

Cyprus: mandatory registration of trusts introduced

October 14, 2013. Tags: ,

On 9 September 2013, amendments to the law regulating trust were published in the Official Gazette. According to the amendments, it is obligatory for persons managing …

Russia: participation exemption not applicable if decision to distribute dividends was made while Cyprus was on blacklist – Ministry of Finance clarifications

Russia: participation exemption not applicable if decision to distribute dividends was made while Cyprus was on blacklist – Ministry of Finance clarifications

September 25, 2013. Tags: , , ,

On 6 September 2013, the Ministry of Finance published Letter No. 03-03-06/2/9893, clarifying the applicability of the participation exemption to dividends distributed by a Cypriot …

Cyprus: property tax – exemption for low-value real estate

Cyprus: property tax – exemption for low-value real estate

September 5, 2013. Tags: , ,

It is reported that the Cabinet approved, on 20 August 2013, the measures to exempt owners of real estate, which is worth up to €5,000 …

Treaty between Russia and Cyprus – Russian MoF clarifies tax obligations in case of income derived from letting immovable property

Treaty between Russia and Cyprus – Russian MoF clarifies tax obligations in case of income derived from letting immovable property

August 6, 2013. Tags: , , ,

On 9 July 2013, the Russian Ministry of Finance issued Letter No. 03-08-05/26489 clarifying the tax obligations if a company resident in Cyprus derives income …

Cyprus: tax amnesty announced

Cyprus: tax amnesty announced

July 26, 2013. Tags: ,

On 18 July 2013, it was reported that a tax amnesty will be granted in respect of individuals who repatriate capital, by 31 December 2013, …

Cyprus enacts tax changes and other legislation [TAX ALERT]

Cyprus enacts tax changes and other legislation [TAX ALERT]

June 13, 2013. Tags: , ,

Pursuant to the implementation of the Eurogroup decision, the House of Representatives approved a number of bills regarding the increase of existing tax rates. The most …

Cyprus has been challenging but the Eurozone financial services industry still on track to start to turn the corner

Cyprus has been challenging but the Eurozone financial services industry still on track to start to turn the corner

April 4, 2013. Tags: , , ,

While localized problems can’t be ruled out, the collective pain for the financial services sector in the Eurozone is almost over.

EY refers to one or more of the member firms of Ernst & Young Global Limited (EYG), a UK private company limited by guarantee. EYG is the principal governance entity of the global EY organization and does not provide any service to clients. Services are provided by EYG member firms. Each of EYG and its member firms is a separate legal entity and has no liability for another such entity's acts or omissions. Certain content on this site may have been prepared by one or more EYG member firms.