Proposal for new investment law
The Cyprus government has announced that a new draft law is being prepared, aimed at facilitating investment into Cyprus by means of radical changes in the current law and practice to reduce red tape, simplify procedures and create an environment that will be truly investor-friendly. The new law will focus on investments which are deemed […]
Extension of tax exemptions for loan restructuring
In December 2015 the Cyprus tax laws were amended to temporarily exempt loan restructurings from tax in order to facilitate and encourage the restructuring of non-performing loans. The amendments affected the Income Tax Law, the Capital Gains Tax Law, the Special Defence Contribution Law, the Stamp Duty Law, the VAT Law, the Collection of Taxes […]
Cyprus section of Taxation of cross-border investments in and from CEE countries 2017
[gdlr_row] [gdlr_column size=”1/4″] [/gdlr_column] [gdlr_column size=”3/4″] Oct 5, 2017 Author: ELIAS NEOCLEOUS, PHILIPPOS ARISTOTELOUS Publisher: Loyens & Loeff Practice area:TAX LAW, TAX PLANNING AND ADVANCED BUSINESS STRUCTURING [/gdlr_column] [/gdlr_row] [gdlr_post_slider category=”publications” num_fetch=”3″ num_excerpt=”25″ caption_position=”bottom” thumbnail_size=”medium” orderby=”date” order=”asc” ]
The Actions for Damages for Infringements of Competition Law of 2017
Law 113(I)/2017, the Actions for Damages for Infringements of Competition Law of 2017, which was published in the government gazette on 21 July 2017, transposes Directive 2014/104/EU into Cyprus law. The new law provides for rules to ensure that any physical or legal person or public authority who has suffered damage as a result of […]
Reference rates for notional interest deduction for Greece, Italy and Kazakhstan
[gdlr_row] [gdlr_column size=”1/4″] [/gdlr_column] [gdlr_column size=”3/4″] Oct 5, 2017 Author: Philippos Aristotelous Publisher: International Law Office Practice area:TAX LAW, TAX PLANNING AND ADVANCED BUSINESS STRUCTURING [/gdlr_column] [/gdlr_row] [gdlr_post_slider category=”publications” num_fetch=”3″ num_excerpt=”25″ caption_position=”bottom” thumbnail_size=”medium” orderby=”date” order=”asc” ]
Payment of VAT and other tax liabilities by Internet banking
The Cyprus Tax Department has announced that payments of VAT and of instalments under the Process of Adjustment of Tax Arrears Law of 2017 can now be paid via Internet banking. Currently four banks offer Internet payment of tax liabilities, but the Tax Department expects to extend the service to other banks shortly.
Amendments to the Process of Adjustment of Tax Arrears Law of 2017
The Process of Adjustment of Tax Arrears Law of 2017, Law 4(I) of 2017, established a procedure for settling tax arrears by monthly instalments, providing up to 95% waiver of interest and penalties and covering all nationally imposed taxes, including income tax, VAT, SDC tax, capital gains tax, stamp duty and special contribution payable by […]
Further Modernization Of Tax Procedures In Cyprus
[gdlr_row] [gdlr_column size=”1/4″] [/gdlr_column] [gdlr_column size=”3/4″] Sep 28, 2017 Author:ALEXANDRA SPYROU Law Firm: Elias Neocleous & Co LLC Publisher:Global Tax Weekly Practice area: TAX LAW, TAX PLANNING AND ADVANCED BUSINESS STRUCTURING [/gdlr_column] [/gdlr_row]
Vistra 2020 “The Uncertainty Principle”
Kyriacos Xenophontos, a partner in our firm and head of our affiliated trust company, was one of the three expert panel members invited to give their views on Cyprus’s services, legal and regulatory sector at the Vistra 2020 seminar held in Limassol on 28 September. Vistra is an international leader in the field of trust, […]
Cyprus section of Mifid II Report 2017
[gdlr_row] [gdlr_column size=”1/4″] [/gdlr_column] [gdlr_column size=”3/4″] Sep 25, 2017 Author: DIMITRIS PAPOUTSIS DANIEL SAKELLARIOU Law Firm: Elias Neocleous & Co LLC Publisher: IFLR Practice area: FINANCIAL SERVICES ADVICE AND SUPPORT [/gdlr_column] [/gdlr_row]
