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Φορολογικό Δίκαιο

Tax Alert. Automatic exchange of information on tax rulings of EU Member states.

The Commission has welcomed a unanimous agreement by Member States on the automatic exchange of information on cross-border tax rulings, just seven months after the presentation of the Commission's ambitious proposal on the subject. The new rules should lead to greater cooperation between Member States on tax matters and act as a deterrent from using tax… Read More

• European Union Law
• Taxation
• tax rulings

Φορολογικό Δίκαιο

NEW DOUBLE TAX TREATY BETWEEN CYPRUS AND UKRAINE

Following the ratification of the new treaty by the Government of Cyprus on the 22nd of March 2013, the Ukrainian parliament has proceeded with the ratification the new double tax treaty between Cyprus and Ukraine on the 4th of July 2013. The new treaty was put into effect as from the 19th of August 2013…. Read More

• Taxation

Φορολογικό Δίκαιο

INCREASE IN THE CORPORATE TAX RATE

With effect from 1 January 2013 the corporate tax rate has been increased from 10% to 12,5%. Transfer and carry forward of tax losses by credit institutions With effect from 25 March 2013, in the event of a transfer of operations, assets, rights or obligations from one credit institution to another under the Credit Institutions Resolution Law, any… Read More

• Taxation

THE CYPRUS PARLIAMENT REJECTED THE DEAL OF DEPOSIT TAX

The decision of the Cyprus Parliament to reject the bailout deal on Tuesday night has proven the trustworthiness of Cyprus as a major financial center sending out the signal that the deposit funds of all depositors are totally safe. Despite threats, unethical attacks and psychological violence that was exercised by the Eurogroup on Cyprus’s political… Read More

• Bailout
• Russia
• Taxation