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Russia’s Ministry of Finance has announced that it signed a Protocol to amend its double tax agreement with Cyprus earlier this month. The Protocol will increase the withholding tax at…
Category: News
UK to Start Charging Interest On Overdue Digital Services Tax (DST)
Earlier this month, the UK Government have a number of upcoming meetings to discuss The Taxes (Interest Rate) (Amendment No. 2) Regulations 2020, which will enable the HMRC to collect…
Cyprus’ Answer to Economic Challenges is Making Business Easier to do on the Island
Foreign investments might help Cyprus to overcome economic difficulties caused by the COVID-19 pandemic and adverse legislation moves on the Cyprus tax system. Historically, Cyprus is dragging its feet in…
UK: The Popularity of New Visas for Overseas Business Owners is Gaining Momentum
The UK government has introduced a new type of UK visa – the Representative of an Overseas Business visa. The new UK visa allows senior management of overseas businesses to…
Cyprus-Russia: Russia Starts Proceedings to Scrap DTAA with Cyprus
The economic pressure on the Russian government has to lead to the final decision to scrap the Double Tax Avoidance Agreement (DTAA) with Cyprus. In the press, sides are blaming…
Russia and Cyprus: What Will Happen to the Double Tax Agreement (DTA)
Drop in the oil revenue is driving the Russian government to look for any potential replacement. The Russian government took on three major jurisdictions there represents the majority of foreign…
Hong Kong Adopts New Investment Vehicle Structure
Hong Kong has passed two important legislation by introducing limited partnerships, an investment vehicle which is actively used in the fund industry. The Limited Partnership Fund Bill and the Limited Partnership Fund Ordinance will…
Deutsche Bank Again Found to be Involved with the Latest in Jho Taek Low Case
New reports have come to light regarding Jho Taek Low, who is a Malaysian businessman and international fugitive sought by the authorities in the US, Singapore, and Malaysia in connection…
The Current Issue with Excess Liquidity in Cyprus Banks
A recipe for potential problems and symptoms of a troubled economy is when the main banks have what is known as excess liquidity. When citizen have to borrow money, however…
Cyprus Financial Authorities Agree to Reduce Bank Charges & Assist Elderly Clients
Earlier this week, financial authorities such as Bank of Cyprus, issued a ruling officially scaling back on the recently announced controversial bank charges, which corporations and individuals found out about…