Relocation and Retirement in Cyprus – The Tax Aspect
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 Cyprus’ continuous …
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Initial Coin Offering (ICO) Through Cyprus
Initial Coin Offering, known as “ICO”, is a relatively new phenomenon in the crowdfunding industry being the main subject of discussion in the Blockchain and financial communities.
The new Prospectus Regulation EU
On 30th June 2017, the European Parliament and the European Council published in the Official Journal of the European Union the Regulation (EU) 2017/1129 on the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market (the “New Prospectus Regulation”).
The new EU regulation on general data protection 2016/679 (“GDPR”)
A. INTRODUCTION Globalization has rapidly and radically increased the ease in which data may be collected, stored and transmitted. The current Directive (95/46/EC) is out dated and does not correspond to today’s needs. Various reasons has led to the increased need for a united legal framework in relation to the protection of personal data, including …
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Notional Interest deduction 11/17
Introduction Via the 2018 Budget Laws, the Maltese Government seeks to introduce new rules regarding deductions of notional interest on risk capital. The aim of the Notional Interest Deduction (NID) is to achieve neutrality between debt and equity financing. Such rules come into effect as from the year of assessment of 2018. Also in light …
Ecj Case C-28/26 – Recoverability Of Input Vat Of A Holding Company
Case C-28/26 – Examines the right of a holding company to deduct input VAT on services acquired in the interest of its subsidiaries where those services are offered to its subsidiaries with no consideration. On 12 January 2017, the European Court of Justice delivered its judgment in the case of MVM (C-28/16), concerning the right …
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European Commission proposes new VAT rules to support e-commerce and online businesses in the EU
On 1 December 2016, the European Commission has published proposals to improve the Value Added Tax (VAT) environment for e-commerce businesses in the EU. Particularly, the proposed changes, aiming to allow start-ups and SMEs, to buy and sell goods and services more easily online.
Common Reporting Standards – a practical review. (CRS)
>A. INTRODUCTION The Common Reporting Standard (CRS) has been initiated by the Organization for Economic Cooperation and Development (OECD) aiming at improving international tax compliance and preventing tax evasion, through the automatic exchange of information between the countries that implement CRS. The participating countries are listed in Appendix I.
Article – EU commission proposal on E-commerce
Article – European Commission proposes new VAT rules to support e-commerce and online businesses in the EU On 1 December 2016, the European Commission has published proposals to improve the Value Added Tax (VAT) environment for e-commerce businesses in the EU. Particularly, the proposed changes, aiming to allow start-ups and SMEs, to buy and sell …
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The Malta Individual Investor Programme (MIIP)
A. INTRODUCTION The whole process to obtain a Malta passport via the Malta Individual Investor Program (MIIP) is divided into a number of stages. With each stage, different documentation, forms and fees need to be submitted and paid accordingly.