Important Information for the abolition of the Annual Levy of EUR350
On 29 February 2024, the House of Representatives approved the Cyprus Government Bill to abolish the Annual Levy of EUR350, which was payable to the …
On August 4, 2015 the Republic of Cyprus and the Islamic Republic of Iran proceeded with the signing of a Double Tax Treaty on Income and Capital. The conclusion of this treaty further expands the existing wide Cyprus tax treaty network.
The Cyprus Ministry of Finance in its press release on the conclusion of the Treaty, emphasized on the fact that the agreed treaty text “will contribute to develop the trade and economic links between the Republic of Cyprus and the Islamic Republic of Iran, as well as with other countries. Expanding and upgrading the network of Double Taxation Agreements, is of high economic and political importance and aims to further strengthen and attract foreign investment and elevates the importance of Cyprus as an international business centre.”
The Treaty is based on the OECD Model Convention for the Avoidance of Double Taxation on Income and on Capital. The Treaty will come into effect upon its ratification by both countries.
On 29 February 2024, the House of Representatives approved the Cyprus Government Bill to abolish the Annual Levy of EUR350, which was payable to the …
In a move aimed at bolstering the business environment and fostering economic expansion, the President of the Republic of Cyprus announced on the 21st of …
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