News

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.


The Italian tax authorities have reached an agreement with Google which will see the tech giant pay €305 million in a deal to settle a number of tax disagreements, including claims relating to some €1B of income made in Italy but settled in Ireland between 2009 and 2013.


Trump's tax plan: is it really too good to be true?

During his campaign, President Donald Trump called for a simplified tax code and lower tax rates for businesses and families. The administration will provide further details this week about what that entails.


Companies House make redundancies in cost cutting measures

The UK Companies House has outlined plans to reduce costs of baseline activities by 3.5%, despite having an increased workload, and will focus investment on improvements to digital services, expecting to have digital filing options for 99% of accounts by March 2018.