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Dubai Needs to Extend Taxation

September 4, 2015 7:47 am

In order to compensate on the loss of oil revenue and reliance on the hydrocarbon sector it is recommended that the United Arab Emirates (UAE) government introduce a new corporate tax, excise tax on vehicles as well as a VAT. According to the latest report issued by the International Monetary Fund (IMF) it is proposed […]

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Cyprus-Iran Double Taxation Agreement

September 4, 2015 7:43 am

After years of negotiations and discussions, the Islamic Republic of Iran and the Republic of Cyprus recently have agreed and signed a Double Tax Agreement outlining policies concerning income tax evasion and double taxation avoidance. The Deputy Economy Minister and Head of the Islamic Republic of Iran’s Tax Organisation and the Cyprus Minister of Finance […]

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Cyprus New Tax Incentives

September 4, 2015 7:42 am

In an effort to stimulate economic growth and attract investment from abroad, the Republic of Cyprus has made certain amendments on taxes which benefit foreign investors who conduct business activity via the island. The proposed tax reforms also offer a new boost to the island’s economy. The House of Representatives voted and passed the main […]

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Cyprus: Domicile under Cypriot Tax Law

August 20, 2015 12:59 pm

Up until recently, non-Cyprus residents enjoyed most of the benefits offered by the Cyprus Tax Regime. Therefore, in order to benefit from all the advantages offered by the Tax Regime, an individual had to be considered as a non-Cyprus resident. The reason the Cyprus Tax Regime was constructed in this way is simple as initially […]

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