A double-taxation avoidance treaty between Cyprus and Ukraine is currently being drafted and is expected to be signed by October of this year, President Viktor Yanukovich stated during a meeting with his Cypriot counterpart, Demetris Christofias. Christofias’ visit included a large trade delegation that took part in the Cyprus-Ukraine Business Forum, while Christofias also inaugurated [...]
Poland has been added to the list of jurisdictions that are increasingly becoming attracted to the Cyprus Investment Funds. In Poland, a recent change in Polish tax law, which allows EU Funds the same privileges as those enjoyed by Polish domestic investment funds. Polish investment funds are subject to a special Capital Income Tax allowing [...]
The proposed statute shall establish a Cypriot Betting Authority to regulate the gambling industry, which shall accept, review and decide over applications for relevant licences and permits
The European Commission has officially approved Cyprus’ shipping taxation system. The taxation scheme allows companies to opt for a tax calculated on the net tonnage of the fleet that they operate instead of being taxed on the actual profits of their maritime transport activities. “This approval constitutes perhaps the most important success for Cyprus Shipping [...]
The German Ministry of Finance has announced on01/09/2009 that it had initialled the text of a revised double taxation treaty with Cyprus. The revised treaty allows for the exchange of information on tax matters between the two countries’ authorities, in accordance with Art. 26 of the OECD model convention. The agreement will allow the respective countries’ tax authorities [...]
The Russian Federation and the Republic of Cyprus have signed a new double taxation protocol which secures Cyprus’ removal from the ‘blacklist’ of jurisdictions which have not demonstrated a sufficient level of cooperation with the Russian tax authorities. The existing tax treaty between Russia and Cyprus has been one of the major reasons for the huge [...]
Recent Comments