Latest Posts

Cyprus implements revised tax treatment for intra-group back-to-back loans

December 13, 2017 5:06 pm

The Cyprus Tax Department issued a circular with amendments relevant to the corporate tax treatment concerning intragroup back-to-back financing transactions. As of the 1 July 2017, The Arm’s Length Principle, as defined in the OECD Model Tax Convention on Income and Capital (Article 9), it is now applicable in Cyprus to particular intra-group back-to-back financing […]

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INTRODUCTION OF 5% VAT IN THE UNITED ARAB EMIRATES (UAE) AS OF 01 JANUARY 2018

December 13, 2017 5:06 pm

The UAE Government has established a ‘Federal Tax Authority’ (FTA) which will be responsible for administering, implementing and collecting Value Added Tax (VAT). The VAT regime is scheduled to start from 1 January 2018, at a standard rate of 5 per cent. All businesses must register for VAT if their taxable supplies exceed AED 375,000/- […]

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New Cyprus Tax Residency Law – Cyprus tax residency in 60 days

October 5, 2017 1:33 pm

The Cyprus government has recently introduced a law that grants individuals the opportunity to become Cyprus tax residents under the condition that they fulfil certain prerequisites. The Income Tax legislation through the new law will be amended so that an individual, who does not physically reside in a country for more than 183 days during […]

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2017 Provisional Tax Declaration

August 1, 2017 11:58 am

It is important that all Cyprus tax resident Companies that are expected to make a profit in 2017 submit their provisional tax return form, known as Form T.D 6 as soon as possible. Based on the amended legislation, Assessment and Collection of Taxes Number 4 (1978) article 24, all Cyprus tax resident Companies are required […]

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