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Cyprus Tax Resident

CYPRUS – POSITIVE AMENDMENTS IN THE TAX LEGISLATION

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TAX RESIDENT IN CYPRUS BY STAYING ONLY 60 DAYS DURING A TAX YEAR A. INTRODUCTION On 14 July 2017, the House of Representatives of Cyprus passed an amendment to the Cyprus Income Tax Law (2002 – 2016 as amended) (the “Cyprus Income Tax Law”) whereby an individual who spends in Cyprus 60 (sixty) or more

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Settlement of Taxes in Cyprus

Procedure for Settlement of Taxes in Arrears in Cyprus

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A. INTRODUCTION In February 2017, the House of Representatives of Cyprus passed a law on the procedure for settling tax arrears, which covers the following taxes:  (a) Income tax (b) Special contribution for the defense (c) Immovable property tax (d) Capital gains tax (e) Inheritance tax (f) Special contribution for employed, retired and self­employed in the

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Brexit

CYPRUS – UNIQUE TAX ADVANTAGES WITHIN EUROPE POST BREXIT

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Cyprus: Europe’s Optimal Tax Regime. The synergy created by Cyprus’ modern, simple and attractive tax regime coupled with its advanced and adaptable English Common Law legal system have created the EU’s most efficient and effective tax regime in tax planning and asset protection. Why: 0% Tax on Dividends received – Dividends received by Cypriot tax

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Moscow Legal Forum

Московский юридический форум

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Ежегодный Московский юридический форум Прошел Третий ежегодный Московский юридический форум, который является одним из крупнейших юридических форумов в России, в нем приняли участие более 1000 участников, в том числе такие известные в мире компании, как юридические фирмы “Magic Circle” и консультационная компания “Big Four”. Джон Иоанидес, начальник отдела юридического и делового развития кипрской компании LSTS

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tax

CYPRUS – RUSSIAN DOUBLE TAX TREATY

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(ARTICLE 13 – ‘Capital Gains’ UPDATE)  Capital gains tax on Cyprus shares holding immovable property in Russia has been postponed UPDATE 29 DECEMBER 2016  In an announcement by the Cyprus ministry of finance on 29 December 2016 it is stated that an agreement has been reached between the Russian Authorities and the Cyprus authorities for

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deoffshorisation

“Deoffshorisation” Tax free repatriation of assets under liquidation of foreign entities

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“Deoffshorisation” Tax free repatriation of assets under liquidation of foreign entities Importance of initiating liquidation proceedings prior to 1 January 2017   FOREWORD  Under the Russian Tax Code (the “Code”) Russian companies and Russian controlling persons can receive assets under liquidation proceeds from foreign entities tax free and also create a tax basis for future

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Business creditors liquidation

Creditors Voluntary Liquidation

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Creditors Voluntary Liquidation FOREWORD Below we set the procedure for the creditors’ voluntary liquidation for a Cyprus company with references to the Cyprus Companies Law Cap. 113 (the “Cyprus Companies Law”) followed by a practical step by step procedure of the actions necessary to complete such a liquidation. LSTS members are licensed liquidators under the

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tablet finance liquidation

Members Voluntary Liquidation

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Members Voluntary Liquidation FOREWORD Below we set the procedure for the members’ voluntary liquidation for a Cyprus company with references to the Cyprus Companies Law Cap. 113 (the “Cyprus Companies Law”) followed by a practical step by step procedure of the actions necessary to complete such a liquidation. LSTS members are licensed liquidators under the

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CYPRUS – INDIA DOUBLE TAX TREATY

CYPRUS – INDIA DOUBLE TAX TREATY (UPDATE)

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India officially rescinds the notification issued to Cyprus NEW UPDATE 16 DECEMBER 2016 Further to the announcement issued in the Indian Government gazette on 14 December 2016 whereby the rescind of Cyprus as a notified jurisdiction was published, the Indian government has subsequently issued a corrigendum retrospectively rescinds Cyprus notification u/s 94A. The word “this”

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Moscow Legal Forum

Moscow Legal Forum‏

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ANNUAL MOSCOW LEGAL FORUM The Third Annual Moscow Legal Forum, is the largest legal forum in Russia, attended by over 1000 participants, including the “Magic Circle” law firms, and “Big Four” advisory firms. John Joannides, Head of Legal & Business Development of LSTS Cyprus was invited to speak at the forum, on the Russian Deoffshorisation

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Review our Updated Cyprus Double Tax Treaty Network

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