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By way of Circular No. 2016/10 issued by the Cyprus Tax Authorities on the 1st August 2016, further information and clarifications were given as to the application of this Scheme and the interpretation of its various terms and definitions, which are expected to provide valuable guidance as to
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By a decision of the House of Representatives in July 2016, amendments have been made to the Immovable Property Tax Law (the “Property Tax”). The amendments have been published in the Official Government Gazette as of the 25 July 2016 and have taken effect as of that date, and
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Cyprus and Jersey signed a treaty for the avoidance of double taxation on income based on the model convention for the avoidance of double taxation of the Organisation of Economic Cooperation and Development (OECD), the finance ministry said.
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1. Law and Applicability Under Cyprus Law, stamp duty is governed by Stamp Duty Law (19/1963), as amended from time to time (the “Law”). The Stamp Duty Law, under Article.4 (1) therein, provides that the documents specifically named in its first schedule of the Law are subject to stamp duty if the documents:
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IN continuation of our previous Tax Update on the 1st of March 2016, the law firm of G. Vrikis & Associates LLC would like to inform you that following the completion of the relevant ratification procedures in both Cyprus and Bahrain, the double tax treaty between the two countries has entered into force on 26 […]
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