News

Trump announces new restrictions on travel & trade with Cuba

Last week President Donald Trump announced his plans to reinforce stricter travel regulations on Americans travelling to Cuba and significantly reduce US business transactions with the island’s military; unravelling former President Obama’s momentous reconciliations with Havana.


Cape Verde & Spain join forces to complete Double Taxation Agreement

Spain and Cape Verde signed a Double Taxation Agreement (DTA) in Madrid on June 5th by Cape Verdes Minister of Foreign Affairs Mr Luis Filipe Tavares and Spanish Finance Minister Mr Cristóbal Montoro.


International consternation as Trump administration pulls out of Paris climate deal

In a statement, German Chancellor Angela Merkel and Italy's Prime Minister Paolo Gentiloni warned the President that the Paris Agreement could not be renegotiated. They said they remained committed to the irreversible accord and saw it as "a cornerstone in the co-operation between our countries, for…


Thousands of trapped buyer's could lose their homes in Cyprus

The Limassol & Paphos District Courts that ruled the trapped buyers’ law as unconstitutional will have enormous repercussions for individuals who have been tricked into buying property on land in Cyprus that developers had previously sold to the bank.


Cyprus must impose VAT on land sales or face fine from the EU

Cyprus MPs continued their discussion this week regarding a government bill which would impose a 19% VAT on land sales for commercial property transactions, among concerns that this would lead to a cooling off in the Cypriot property market.


Luxembourg and Cyprus finally sign Double Taxation Treaty

Luxembourg’s Ministry of Finance announced last week that Luxembourg and Cyprus have signed a tax treaty together. The agreement was signed in Nicosia by the Finance Ministers of both countries: Mr Pierre Gramegna from Luxembourg and Mr Harris Georgiades of Cyprus.