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Targeting fictitious company transfers abroad

  • October 31, 2018
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According to legislation and information from the cooperating states, it will attempt to “close” the tax frontier with the Ministry of Finance to stop the phenomenon of fleeing businesses and traders in countries with lower tax rates and to frighten…

New Double tax treaty between Cyprus and United Kingdom

  • March 23, 2018
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·         New treaty has been signed between Cyprus and the UK, which replaces the treaty signed between the two countries in 1974. ·         It is expected that the new treaty will soon be ratified, thus it will become effective as from 1 January…

Double tax treaty between Cyprus and Saudi Arabia

  • January 10, 2018
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The double tax treaty for the avoidance of double taxation  between Cyprus and Saudi  Arabia was signed on 3 January 2018. The treaty is expected to be ratified and come into force as from 1 January 2019.   Dividends Withholding …