Η Ευρωπαϊκή Επιτροπή σε δελτίο τύπου (IP/11/1337) ημερομηνίας 11 Νοεμβρίου 2011 αναφέρει ότι η διπλή φορολογία για ενδοκοινοτικές συναλλαγές είναι σε αντίθεση με το ίδιο το πνεύμα της ενιαίας αγοράς. Ωστόσο, πολλοί πολίτες και επιχειρήσεις υποφέρουν ακόμα με βαρύτερη φορολογική επιβάρυνση μόνο και μόνο επειδή λειτουργούν σε περισσότερα από ένα κράτη μέλη. Σε άλλες περιπτώσεις υπάρχει εκμετάλλευση των κενών στα…

In a press release (IP/11/1337) dated 11 November 2011 the EU Commission states that double taxation, and double non-taxation, contradict the very spirit of the Single Market. Yet many citizens and businesses are still suffering heavier tax burdens just because they operate in more than one Member State. Meanwhile, others are using loopholes between national systems to escape paying taxes…

As from 2011 all registered Cyprus companies are obliged to pay an annual charge of Euro 350 in order for the companies to be in good standing and to remain in the register of Cyprus companies at the Registrar of Companies. For Cyprus companies which belong to a group of companies the total amount of annual charges of such companies…

Cyprus has signed an updated DTA with Kuwait and continues to further upgrade and improve the position of the island as an important international investment hub. The DTA with Kuwait is one of the three DTAs signed with countries of the Arab world from 2010 and after (the other DTAs are with Qatar and United Arab Emirates), which is an…

A Cyprus company that earns interest in the normal course of its business/operations, including interest closely associated with its normal business/operations, is subject to income tax at the rate of 10%. The Institute of Certified Public Accountants of Cyprus has recently reached an agreement with the local tax authorities in relation to the minimum profit margins that may be accepted…

India is becoming an economic superpower with a huge potential. According to the United Nations Conference on Trade and Development (UNCTAD) India ranks second worldwide in foreign direct investment (FDI - Foreign Direct Investments) in 2010 and is expected to continue to remain among the top five attractive destinations for international investors in the coming years. Similarly there is a…