(Some) clarifications regarding the Register of BOs
Publication of the Grand-Ducal Regulation of 15 February 2019 on the modalities for registration, payment of the administrative fees and on the access to the information registered with the register of beneficial owners.
What features of the tax system in your jurisdiction are particularly attractive to potential invest
The following article discusses session three in the IR Global Virtual Series on 'Tax Efficient Inbound Investment: Tax Structures for Cross-Border Acquisitions
What are the most serious tax pitfalls to be aware of when considering an inbound investment?
The following article discusses session two in the IR Global Virtual Series on 'Tax Efficient Inbound Investment: Tax Structures for Cross-Border Acquisitions
UK Visa Fees are increasing as of March 29th 2019
The United Kingdom has one of the highest visa fee rates in the world and it is no secret that applications can cost an ample amount often leaving families in economic hardship due to staggering visa fee costs. Additionally, as a result of a complicated visa application process many also lose their visa fee due …
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Malta introduces new guidelines for long term leasing, reducing the vat liability of pleasure yachts
On the 28th of February 2019 the Maltese Revenue Department published a new set of guidelines for the long term hiring of yachts and the payment of VAT. These guidelines apply to operational leases which have started on or after the 1st of November 2018. The guidelines have a number of similarities to those that …
fwp expands know-how thanks to new junior partner
Vienna, March 2019. Fellner Wratzfeld & Partner GmbH (fwp) adds valuable competence and expertise to the team by welcoming Pavel Bachleda in its midst as a new attorney-at-law and junior partner.
Elias Neocleous & Co LLC advised the Zarenkov family in disposal of a 25% stake in Etalon Group PLC
Elias Neocleous & Co’s Financial Services team assisted the Zarenkov family on Cyprus corporate and financial services law matters in their February 2019 disposal of a 25% shareholding interest in Etalon Group Plc to Sistema PJFC, a publicly-traded diversified holding company. Etalon Group Plc, one of Russia’s largest and longest established development and construction companies, …
Beware Of Rpm – Commission Issues Fines For Online Resale Price-fixing
July 31, 2018 On 24th July 2018, the European Commission (EC) issued four decisions fining Asus, Philips, Denon & Marantz and Pioneer, for a total of 111 million EUR, for fixing or establishing minimum resale prices on online retailers, a commercial practice also known as resale price maintenance (RPM). According to the EC, such RPM …
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Privacy, Data Protection & Cybersecurity
19 February 2018 COMMISSION COMMUNICATION – GUIDANCE ON THE DIRECT APPLICATION OF THE GENERAL DATA PROTECTION REGULATION The European Commission (the “Commission”) has issued, on the 24 January, a Communication containing guidance in view of facilitating the direct application of the General Data Protection Regulation (“GDPR”) in all the European Union (the “EU”) as of …
The Taxation Of Benefits In Kind In Cyprus
1. INTRODUCTION The Tax Department has announced in October 2018 its intention to terminate the previous tax practice in relation to the benefits in kind, and instead provide clear guidelines as to the proper valuation of the benefits in kind, for the purpose of consistency, clarity and uniformity, clearing any ambiguities. The broad definition of …
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