Monthly Archives: January 2020

Forging a Green Future – The European “Green Deal Investment Plan” and “Just Transition Mechanism”

On 14 January 2020 the European Commission (the EC) presented its Green Deal Investment Plan (the “Investment Plan”) to the public.  The Investment Plan is a key element of the EU Green Deal strategy to deliver a carbon neutral Europe by 2050.  Moving to a lower pollution, carbon neutral environment will require significant investment expenditure

The European Green Deal – a man on the moon moment?

In time, if all goes to plan, 11 December 2019 may come to be regarded as a watershed moment for Europe and perhaps even for the planet.  On this date the European Commission (‘the Commission’) presented the ‘European Green Deal’ (‘the Green Deal’) to the world.  The Green Deal is effectively a detailed and ambitious,

Regulation EU 2019/2089 – Climate related benchmarks, a contribution to a greener future?

Regulation EU 2019/2089 – Climate related benchmarks, a contribution to a greener future? On 9 December 2019, Regulation 2019/2089 (“2019/2089”) of the European Parliament and of the Council of 27 November 2019 was published in the official journal of the European Union.  2019/2089 amends Regulation (EU) 2016/1011 as regards EU Climate Transition Benchmarks, EU Paris-aligned

PERSONAL TAX – Allowable deductions for life and private medical insurance premiums, contributions to social insurance, pension and provident funds, and, contributions to GHS.

As per the Tax Department’s announcement on 07 January 2020, according to the amendment law N173(I)/2019 as approved by the Parliament and with effect from 19 December 2019, the combined Personal Tax allowable deductions limit for the above listed payments is increased to 1/5 of the net taxable income* of the individual. Note that a

Tax incentives for investments in innovative businesses.

On January 8, 2020, within the framework of actions to boost entrepreneurship and innovation, the Council of Ministers approved a bill amending the Income Tax Law.  The amendment extends – until June 30, 2021 – the tax incentives given to individuals who invest in innovative businesses.  The investment may be either direct, or, through an

Regulation (EU) 2019/2088 – Disclosure requirements a step towards a sustainable economy.

On 9 December 2019, Regulation 2019/2088 of the European Parliament and of the Council of 27 November 2019, on sustainability-related disclosures in the financial services sector, was published in the official journal of the European Union. Regulation 2019/2088 (2019/2088) provides further evidence of the commitment of the EU to the ‘Paris Agreement’ which entered into

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IFLR 1000 Client Feedback 2019
We have been assisted by Elias Neocleous in the context of capital markets transaction. Mr Demetris Roti was the partner in charge of the matter. We were very satisfied by the work of Mr Roti and his team as well as their ability to work towards tight deadlines
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IFLR 1000 Client Feedback 2019
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