Welcome to our new format of tax webcasts, which have taken the form of 5 minute updates. Our revamped tax webcasts will be broadcasted monthly and will replace our previous quarterly tax webcasts. The aim of our tax webcasts is to provide a brief summary of local and international tax events impacting Cyprus.

In this Tax Webcast, we cover the following topics:

1. Local tax developments

1.1 Public interest rate

1.2 Special contribution

1.3 Tax circulars – 2016/15 & 2016/16

1.4 Country-by-country reporting

1. 5 Tax incentives for innovative enterprises

2. Tax treaties update

2.1 Cyprus - India revised tax treaty

2.2 Effective tax treaties as of 1 January 2017

2.3 Postponement of the Protocol amending the Cyprus – Russia tax treaty

3. Tax Diary for January 2017

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.