The DTA between Cyprus and Qatar (in place since 2009) is a testament of how countries that operate in the international movement and attraction of investments use their DTA network to achieve efficiencies in tax planning. The DTA between Cyprus and Qatar provides for zero withholding tax on dividends and interest and a maximum of 5% on royalties. Based on…

In March 2011 three representatives submitted in the House of Representatives of Cyprus a bill for updating and making more attractive for international investors the International Trusts Law of the Cyprus Republic.The existing legislation has been one of the most important advantages of Cyprus in the field international tax planning and has made the island a favorable business and investment…

The new tax system for Cyprus merchant shipping was adopted by the European Union as compatible with the EU policies in the year 2010. It is the first time the EU adopted such a simplified merchant tax system for a Member State, which has an open ship register. The new legislation extends the tax benefits applicable to owners Cyprus registered…

According to the Article 14 'Taxation of dividends and profits distributed by Legal Persons' Act 3943, as published in the Official Gazette of the Greek Republic on March 31, 2011, profits distributed by Greek resident companies in the form of fees to members of the board, managers and staff except salary and dividends to physical or legal persons, whether they…

In Cyprus, the profits from the disposal or sale of immovable property is not taxable under the Income Tax Law, but based on the Capital Gains Tax Law. The term immovable property is not explicitly explained in the Law, but by using the interpretations given to it in other laws of Cyprus we can conclude that it includes:(a) land(b) buildings…

Despite the global economic crisis, the Cyprus government continues its efforts to further upgrade and improve the position of Cyprus as an important international investment hub, in order to attract foreign investments. In this context, on February 18, the Finance Minister of Cyprus and the Ambassador of Federal Republic of Germany on the island have signed the agreement between Cyprus…