The recent amendments to the Cyprus Companies Law affect the provisions relating to the Annual Government Levy that was introduced back in 2011: http://www.httaudit.com.cy/index.php/component/k2/item/34-fixed-annual-levy-on-companies The changes introduced are: From 2013 all Cyprus registered companies regardless their incorporation date are required to pay the Annual Government Levy of €350. The Levy is payable to the Registrar of Companies by 30 June…
Cyprus and Spain have concluded and signed a Double Taxation Avoidance Agreement (DTAA) on 14 February 2013. The DTAA, which is based on the OECD Model Convention, was signed by the Cyprus Minister of Finance and the Ambassador of Spain in Cyprus. It is our belief that the treaty will further enhance the business cooperation between the two EU countries,…
We are pleased to inform you that the latest Reanda network tax newsletter PRISM 1st Quarter 2013 issue is now published online in our website. Please click here to download a digital copy of the 1st quarter 2013 issue of PRISM.
In December 2012, a number of amendments and new laws were voted by the House of Representatives based on the Memorandum of Understanding between Troika and the Republic of Cyprus. The new laws and amendments, which are summarized below, intend to strengthen the state financials: Tax lossesTax losses can be carried forward to offset future taxable profits for a period…
Following the removal of Cyprus from the Portuguese ‘black list’ in 2011 (follow the link for details:http://www.httaudit.com.cy/index.php/component/k2/item/57-cyprus-removed-from-portugals-black-list) representatives of the two countries have concluded and signed a Double Taxation Avoidance Agreement (DTAA) and protocol on 19 November 2012. The treaty is based on the OECD Model Convention. It is our belief that the treaty will further enhance the business cooperation…
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