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New Developments: Cyprus Intellectual Property Tax Field

April 20, 2016 9:44 am

The Cyprus Ministry of Finance (MoF) has announced new developments concerning Cyprus Intellectual Property Tax on 30 December. The Organization for Economic Co-operation and Development [OECD], the European Union (EU) as well as the G20 have made alterations regarding IP tax, which may concern individuals who own or are interested in engaging in an Intellectual […]

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Double Tax Agreement Cyprus & Ethiopia

April 20, 2016 8:54 am

On 30 December 2015, Cyprus and Ethiopia signed a Double Tax Agreement (DTA). The new DTA was included in the Official Gazette on 18 January 2016. The DTA will come into force once both parties have completed all the required approval procedures. The DTA will be introduced on 1 January 2017. The Cyprus – Ethiopia […]

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NEW STATUTORY FRAMEWORK FOR CORPORATE ACCOUNTABILITY AND TRANSPARENCY – UK

March 9, 2016 2:46 pm

In accordance with the implementation plan the ‘UK implementation of the G20 High Level Principles on Beneficial Ownership Transparency’ the UK has taken active measures to improve corporate transparency and accountability. On the 26th of March 2015 the Small Business, Enterprise and Employment Act 2015 (hereinafter “the Act”) came into effect introducing wide ranging changes […]

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THE COMMON REPORTING STANDARD

March 9, 2016 2:45 pm

The Common Reporting Standard (CRS) is the standard for the Automatic Exchange of Information (AEOI) developed by the Organisation for Economic Co-operation and Development (OECD), which provides for jurisdictions to obtain information from their financial institutions and to automatically exchange that information on an annual basis with other partner jurisdictions. The CRS was incorporated into […]

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