Knowledge base

Important changes to UK tax legislation taking place in April

As per a recent STEP seminar in London, the UK government has released an outline of amendments to be imposed relating to both entrepreneurs’ relief and dividend tax relief that will be in effect from the 6th April 2016.


Re-domiciliation of foreign companies in Cyprus

As a result of the 2006 amendment to the Companies’ Law Cap.113, foreign companies can be re-domiciled in Cyprus and companies registered in Cyprus can be re-domiciled abroad.


Cyprus in early adopter group to implement the Common Reporting Standard

In an effort to improve the global reporting standard of local tax systems and combat tax avoidance, governments from various jurisdictions will bring the automatic exchange of information in tax matters for all countries up to the same standard. This is referred to as the Common Reporting Standard (CRS).


The Ultimate Guide to Annual General Meetings for Singapore Companies

Being unaware of Compliance Matters in Singapore could end up with Business Owners and founders of Singapore companies heading to Court, as ACRA puts a stop on companies that consistently do not hold an Annual General Meetings or AGM.


Cyprus tax department introduces application for the issuance of tax residency certificates

A Circular has been released by the Cyprus Taxation Department, introducing an application form for the issuance of tax residency certificates for companies. The application form is a questionnaire and includes all information required by the tax authorities in Cyprus for the issuance of a tax residency certificate.


Singapore: Taxation of Shipping Owners

Ship owners enjoy tax exemption on specified income derived from the operation of a Singapore-flagged or foreign flagged vessel under Section 13A and 13 F of the Singapore Income Tax Act (SITA).


Taxation of shipping operators in Singapore

A shipping operator who operates Singapore ships or foreign ships can enjoy exemption of specified income as a ‘shipping enterprise’ under Section 13A of the SITA.