Latest Posts

Cyprus- IP Regime tax haven for Israeli businesses

Cyprus- IP Regime tax haven for Israeli businesses

May 15, 2015 6:41 am

Tax legislations modifications place Cyprus as Europe’s lowest Intellectual Property Regime. Cyprus implemented important changes to its royalty tax regime in 2012 by making modifications to the Income Tax legislation. The alterations marked Cyprus as the ideal royalty destination, which facilitated the island to compete with other leading destinations such as the Netherlands and Luxembourg. […]

Read more...

Cyprus- Bahrain New Double Tax Agreement

Cyprus- Bahrain New Double Tax Agreement

May 15, 2015 6:39 am

Cyprus and Bahrain signed a new Double Tax Agreement (DTA) on 17 March 2015. Similar to the majority of Cyprus’ DTA’s, the Cyprus-Bahrain agreement is in accordance to the 2010 OECD Model Tax Convention. The main features of the agreement are reviewed below. Taxes covered The agreement concerns Income Tax imposed by either of the […]

Read more...

European Union suggests automatic exchange of information concerning tax rules

European Union suggests automatic exchange of information concerning tax rules

April 23, 2015 8:53 am

During March 2015, the EU Commission publicized a proposal to modify and readjust the Directive 2011/16/EU concerning administrative collaboration amongst Member States by implementing a compulsory exchange of information regarding advance pricing and cross-border rulings. Part of the reason the EU Commission altered the Directive is due to The Irish Times as well as other […]

Read more...

Noble Energy-Cyprus offshore gas field ready for business venture

Noble Energy-Cyprus offshore gas field ready for business venture

March 30, 2015 6:27 am

Noble Energy recently announced that a Cyprus natural gas field, lying approximately 85 kilometers from the island’s southern coast, would be ready for business within the following weeks. It is estimated that the natural field includes approximately 5 trillion cubic feet of natural gas. Following a meeting with the president of the Cyprus Republic, Nikos […]

Read more...