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1
Cyprus and Saudi Arabia signed Double Taxation Treaty
Double Tax Avoidance Agreement (DTAA) was signed between Cyprus and Saudi Arabia on 03 January 2018, in Riyadh for the avoidance of double taxation between two countries and the prevention of tax evasion
Cyprus
19 Jan 2018
2
Non-Assignment Clauses And Their Implications For Loan Agreements
NBAD contended that, by virtue of BP's misrepresentation that it was entitled to effect the assignment, the latter was now itself under an obligation to pay NBAD the unpaid amount of the outstanding debt.
Cyprus
17 Jan 2018
3
Cyprus Securities And Exchange Commission Moves To Electronic Communications
The Cyprus Securities and Exchange Commission (‘CySEC') has expanded the functionality of its web portal to enable Alternative Investment Fund Managers and UCITS Management Companies...
Cyprus
17 Jan 2018
4
DTT Between The Republic Of Cyprus And The Kingdom Of Saudi Arabia
On 2 January 2018 the president of the Republic of Cyprus Mr Nicos Anastasiades accompanied by official government delegation visited the Kingdom of Saudi Arabia.
Cyprus
17 Jan 2018
5
A Refresher On Cyprus Tax Principles (January 2018)
In an ever-changing commercial environment, we always find it important for our clients and collaborators to refresh their knowledge on the Cyprus tax system.
Cyprus
17 Jan 2018
6
New Amendments To The Companies Law CAP 113 Regarding The Requirement For Disclosure Of Non- Financial Information
Law N. 51 (I)/2017 amending the Companies Law transposes into Cyprus law the EU Directives 2014/95/EU and 2013/34/EU relating to the disclosure of non-financial and diversity information...
Cyprus
17 Jan 2018
7
EU Prospectus Regulation 2017/1129 Introducing New Prospectus Requirements To Cyprus Law
On 20 July 2017, the new EU Prospectus Regulation 2017/1129 ("Prospectus Regulation") was entered into force as a wider part of the EU Capital Market Union (CMU) initiative.
Cyprus
17 Jan 2018
8
Entry Into Force Of Amendments To The lnternational Convention On Standards Of Training, Certification And Watchkeeping For Seafarers
The Department of Merchant Shipping (DMS) has issued a notification to owners, bareboat charterers, managers and representatives of ships flying the Cyprus flag, and to foreign-flagged vessels...
Cyprus
15 Jan 2018
9
Increase In Maximum Number Of Firearms Permitted Under Antipiracy Law
The Protection of Cyprus Ships Against Acts of Piracy and Other Unlawful Acts Law 2012
Cyprus
15 Jan 2018
10
Cyprus Tax Facts 2018
Deloitte's annual Cyprus Tax Facts, is part of our firm's continuous endeavour to provide complete, valid and updated information to taxpayers.
Cyprus
12 Jan 2018
11
Further Extension Of The Period Allowed For Submitting Applications To Settle Tax Arrears By Instalments
The Process of Adjustment of Tax Arrears Law 2017 (Law 4(I)/2017) establishes a procedure for settling tax arrears by monthly instalments. It provides a waiver of interest and penalties of up to 95% for all nationally imposed taxes
Cyprus
12 Jan 2018
12
Renewal Of Registrations In The Public Register Of Certified Persons
The Cyprus Securities and Exchange Commission (CySEC) has announced the arrangements for the renewal of registrations in the Public Register of Certified Persons (the "public register") for 2018.
Cyprus
12 Jan 2018
13
Firm's Contribution Of Article In Book Published By The All China Lawyers Association
Our firm has been selected as one of the contributing authors for the book "LEGAL ENVIRONMENT REPORT OF THE 'BELT AND ROAD' COUNTRIES"...
Cyprus
10 Jan 2018
14
Brexit Online Self-Assessment Risk Tool
The leading global law firm network, Multilaw, of which Michael Kyprianou & Co. LLC is a member, has launched the "Brexposure"...
Cyprus
10 Jan 2018
15
Court Finds That Unjustified Absence Of Members Invalidates Collective Body And Its Decisions
It is an established principle of administrative law that in order for a collective body to be validly constituted, the presence of the members required to constitute a quorum is in itself insufficient...
Cyprus
9 Jan 2018
16
New Double Tax Agreement Between Cyprus And Saudi Arabia
On 3 January 2018 Cyprus and Saudi Arabia signed an agreement for the avoidance of double taxation with respect to taxes on income and for the prevention of tax evasion.
Cyprus
8 Jan 2018
17
Ship Arrest In Cyprus
The Supreme Court of Cyprus has exclusive jurisdiction to act as Admiralty Court. By virtue of Sections 19(a) and 29(2)(a) of the Courts of Justice Law of 1960...
Cyprus
5 Jan 2018
18
Treatment of additional taxes for deemed distribution purposes
Interpretative Circular 13, issued by the Cyprus Tax Department on November 1 2017, clarifies the treatment of the following additional tax imposed under the Assessment and Collection of Taxes Law(1) for the purposes of calculating the deemed dividend distribution for special defence contribution (SDC) tax.
Cyprus
5 Jan 2018
19
Extension Of Country-By-Country Reporting Deadlines
The Tax Department recently extended the deadline for the submission of country-by-country reports to be filed by the end of 2017.
Cyprus
4 Jan 2018
20
Taxation Of Consultants And shareholders When Borrowing Or Withdrawing From Cypriot Companies (Greek)
Σύμφωνα με τον Περί Φορολογίας του Εισοδήματος Νόμου της Κύπρου, φυσικό πρόσωπο που διαμένει στη
Cyprus
4 Jan 2018
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