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Reference rates for notional interest deduction for 2017

[gdlr_row] [gdlr_column size=”1/4″] [/gdlr_column] [gdlr_column size=”3/4″] Mar. 14, 2017 Author: Philippos Aristotelous Publisher: International Law Office [/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” ]

Elias Neocleous to speak at the seventh Academy & Finance “Russian Private Clients” conference

Elias Neocleous, managing partner of our firm, will be among the distinguished experts presenting the latest developments in tax, succession planning and asset protection strategies at the seventh annual conference for Russian private clients and their advisers organised by Academy & Finance, a leading Swiss conference organiser. Elias will be speaking on the transfer of

Abolition of the back-to-back minimum margin scheme and introduction of transfer pricing rules In Cyprus

On 8 February 2017 the Cyprus Tax Department wrote to the tax committee of the Institute of Certified Public Accountants of Cyprus announcing its intention to abolish the so called “minimum margin scheme” which applies on related party loans (so called “back to back” financing arrangements), with effect from 1 July 2017. This development is in line with global initiatives in

CySEC guidance on regulated entities’ compliance with reporting and other obligations

The Cyprus Securities and Exchange Commission (‘CySEC’) has issued a circular (C191 dated 1 March 2017) to entities that it regulates clarifying the scope of their obligations to submit reports, returns and other information to CySEC. The circular makes clear that regulated entities are subject to the relevant Cyprus and European legislation from the date

New procedure for announcing international sanctions against states, individuals or entities

The Department of Merchant Shipping (“DMS”) has adopted a new procedure for informing interested parties of United Nations economic sanctions and European Union restrictive measures in the field of merchant shipping. With effect from the beginning of 2017, the DMS has discontinued its previous practice of issuing circulars to bring such measures to the attention

Reference rates for Notional Interest Deduction for 2017

Article 9(B) of the Income Tax Law of 2002 as amended provides for a notional interest deduction for tax purposes on new equity capital (paid-up share capital and share premium) injected into companies and permanent establishments of foreign companies on or after 1 January 2015 to finance business assets, calculated by applying a reference rate

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