On 10 August 2020, Cyprus and Russia concluded the negotiations of a new protocol to amend the existing provisions of the Cyprus-Russia tax treaty. 15% WHT on dividend and interest payments According to the agreement reached, the existing withholding tax (WHT) rates on dividend and interest payments made from Russia to Cyprus will increase…
What is the importance of DAC6? In May 2018 the EU Council Directive 2018/822/EU has amended the Directive 2011/16 on mandatory automatic exchange of information in the field of taxation in relation to reportable cross-border arrangements (hereinafter the “DAC6”). The DAC6 can be seen as a highly important amendment after the Common Reporting Standards (CRS),…
Currently, a business, organisation or individual that has protected its brand as an EUTM has exclusive rights to use and protect the brand across all EU member states, including the UK. The question facing many brands is whether their registered trade mark will continue to offer protection in the UK after Brexit. A few months…
In this dynamic environment where everything changing CYPRUS as full member of European Union and despite the financial crisis remains a safe and attractive destination for investments where investors can take advantage of the significant tax benefits that Cyprus offering to meet their global needs in an efficient and operating environment under the status of…
The common EU visa policy makes travelling to the European Union for tourism or business purposes easier. However, lengthy and cumbersome procedures can deter tourists from travelling to Europe, affecting the EU’s economy negatively. In addition, increased security concerns, challenges linked to migration and new opportunities deriving from technological developments call for an update of…
The European Commission issues Notices on the legal and practical implications of the..
Since day by day is passing it is with no doubt one of the matters that every business needs to solve before the