The Reanda International Network is pleased to present you the special 2nd Quarter 2013 issue of PRISM. In this special edition PRISM provides a general overview of information and developments of transfer pricing rules in various countries where Reanda has presence. Please click here to download a digital copy of the 2nd quarter 2013 issue of PRISM.

Eurogroup’s decision overview On the 25th of March Eurogroup has decided to provide financial assistance (low rated loan) to the Republic of Cyprus for its state budgetary needs (mainly for refinancing existing government bonds, which will expire in the next few years). Unlike prior decisions relating to other EU member states facing debt problems, Eurogroup deemed reasonable not to provide…

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.