Cyprus’s tax agency has released a number of statements regarding further value-added tax payment concessions for companies and those in the tourism sector financially impacted by the COVID-19 pandemic. Previously,…
Category: News
Greece Blames Pandemic for Almost 50% Decline in Golden Visa Applications
Greece’s golden visa scheme, which provides five-year residency in exchange for investment, has issued 46% fewer residence permits this financial year. Despite pressure from the European Commission, the Greek government…
The Named and Shamed from the Cyprus Papers Leak
A recent investigation from Al Jazeera into Cyprus revealed a plethora of leaked government documents, uncovering that Cyprus has sold dozens of passports to foreigners linked to crime. What the…
OECD Countries Fail to Reach Tax Agreement for Digital Multinationals
Earlier this week, 137 OECD member countries were unable to reach an agreement on the taxation of large digital companies before the end of 2020, a deadline set by the…
China Experienced Growth in Foreign Trade Last Month
China’s foreign trade continued to accelerate in September, confirming the rapid recovery of the world’s second largest economy, the first country to detect cases of the new coronavirus, but also…
Details of the Cyprus & Russia Cross-Border Interest Hike
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…
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…