Renegotiating the Cyprus Russia Double Tax Treaty – Suggestions
CHANGES REQUESTED BY THE RUSSIAN FEDERATION As it is known already, the Russian Federation has sent an official notification to the Republic of Cyprus asking for the renegotiation of the Double Tax Treaty (DTT) agreement between the two countries. In effect the Russian Federation is requesting to increase the withholding tax rates on dividend income …
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Data Protection in the Employment Sector During Covid-19 Outbreak in Cyprus
Over the past few weeks, we have witnessed governments, public authorities as well as private organizations and companies within the EU, taking measures to contain the pandemic outbreak of Covid-19. Such measures have inevitably affected the processing of special categories of personal data especially with the context of employment.
Covid-19 is «pushing» for the use of Electronic Signatures
As the epidemic of the Covid-19 spreads around the globe, more and more professionals are required to work from home, a situation that leads to new challenges, one of which being the signing of documents. In order to tackle such an issue, more and more businesses are now using electronic signatures for the completion of …
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OECD releases Transfer Pricing Guidance on Financial Transactions
On the 11th of February OECD released the final Transfer Pricing guidance on financial transactions (the Report). The existing OECD TP Guidelines ( the Guidelines) will be updated to include these new guidelines which are expected to contribute to the avoidance of transfer pricing disputes and double taxation.
DOUBLE TAXATION – Dispute resolution mechanism between EU member states
INTRODUCTION The House of Representatives of the Republic of Cyprus has recently voted for the amendment of the Taxation of Income Law 118(I)/2002 (the ‘Law’) in order to be harmonized with the EU Directive 2017/1852 on tax dispute resolution mechanisms in the EU (the ‘Directive’).
Rent Control Law (Law no. 23/1983) – Recent amendments on eviction for non – payment of rent
Ι. Introduction In order to speed up procedures for eviction of tenants for purely reasons of non – payment of rent parliament has recently passed a law amending the Rent Control Law of 1983 (hereinafter referred to as the “Law”) which came into effect on the 31 January 2020.
A critical approach on th Law Regulating the provision of Administrative Services
(Please refer to our website for the full article) A. INTRODUCTION – THE LAW
TAXATION ON DIGITAL ECONOMY THE UNIFIED APPROACH
A. INTRODUCTION A major change is expected to incur by the end of the new year 2020 in the tax environment at an international level, since new tax rules shall apply on digital economy.
RELOCATION AND RETIREMENT IN CYPRUS THE TAX ASPECT
A. INTRODUCTION Since 2004, Cyprus is a full Member State of the European Union. This fact, along with its good strategic location, highly skilled human capital, excellent infrastructure, reliable communications, relatively low cost of living, sound and stable legal system, warm climate and hospitality of its people, are some of the advantages which contribute to …
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Cyprus – The ideal IP holdings jurisdiction
A. INTRODUCTION Companies owning intangible assets, such as patents, copyrights etc. are often in need of an IP Holding vehicle through which they will hold these assets, license them for the generation of royalty income and conduct their business activities.