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Details of the Cyprus & Russia Cross-Border Interest Hike
Details of the Cyprus & Russia Cross-Border Interest Hike 28.09.2020 3 min read

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)
UK to Start Charging Interest On Overdue Digital Services Tax (DST) 3 min read

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 …

Russia Approve DTA & Increased Withholding Tax Rate with Malta
Russia Approve DTA & Increased Withholding Tax Rate with Malta 3 min read

Russia’s Government has approved wording for a draft Protocol that it will seek to conclude with Malta, to revise their double tax agreement to increase withholding tax rates at source …

Global Tax Developments in Response to the COVID-19 Pandemic
Global Tax Developments in Response to the COVID-19 Pandemic 17.09.2020 3 min read

Fiscal policies have provided important emergency aid to individuals and businesses during the COVID-19 pandemic. They are also essential to increase countries’ ability to react to a crisis and assist …

Cyprus: Changing the Face of the Island’s Professional Services Industry
Cyprus: Changing the Face of the Island’s Professional Services Industry 10.09.2020 3 min read

The recent developments on limited Cyprus’ Double Tax Agreement with Russia, and subsequent implementation of the Controlled Foreign Corporation rules in Ukraine have caused many to speculate that they will …

Banking for Offshore Companies: Changing the Global Landscape
Banking for Offshore Companies: Changing the Global Landscape 14.08.2020 3 min read

The COVID-19 pandemic, stringent regulations, and challenges from Electronic Money Institutions are pushing the traditional commercial banks to cut expenses and roll back operations. HSBC is a good example. It …

How to: Get Your Yellow Slip in Cyprus
How to: Get Your Yellow Slip in Cyprus 04.09.2020 3 min read

Applying for a residence permit (also known as the yellow slip) is a process which is to be completed by every EU citizen living and working in Cyprus. It is …

Cyprus ASPs: How We Can Help
Cyprus ASPs: How We Can Help 25.08.2020 3 min read

Each licensed Administrative Service Provider (ASP) in Cyprus is registered under CySEC, and must comply with the preparation and submission of the below-mentioned reports in order to be eligible for …

Cyprus: Holding Companies
Cyprus: Holding Companies 07.08.2020 3 min read

Cyprus is an ideal place for holding company location. The following factors are important when deciding the location of a holding company: Tax treatment of inward and outward dividends. Tax …

Details of the Cyprus & Russia Cross-Border Interest Hike
Details of the Cyprus & Russia Cross-Border Interest Hike 28.09.2020 3 min read

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)
UK to Start Charging Interest On Overdue Digital Services Tax (DST) 3 min read

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
Cyprus’ Answer to Economic Challenges is Making Business Easier to do on the Island 11.09.2020 3 min read

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 …

Russia Approve DTA & Increased Withholding Tax Rate with Malta
Russia Approve DTA & Increased Withholding Tax Rate with Malta 28.09.2020 3 min read

Russia’s Government has approved wording for a draft Protocol that it will seek to conclude with Malta, to revise their double tax agreement to increase withholding tax rates at source …

Cyprus Confirm Country-by-Country Reporting with the US
Cyprus Confirm Country-by-Country Reporting with the US 3 min read

Cyprus has announced that a deal for the exchange of country-by-country reports between the island and the US is expected to become effective and cover reporting years starting on or …

Cyprus Has Been Thrashed by the COVID-19 Pandemic
Cyprus Has Been Thrashed by the COVID-19 Pandemic 11.09.2020 3 min read

The Cyprus tourism industry is a major reason for the sharp increase in the figure of the recently unemployed on the island. The recent government data has shown approximately a …