Cyprus and Russia entered into a Double tax Treaty (DTT) back in 1998 in a joint effort to avoid the double taxing of income and capital generated in Cyprus

On 8 September 2020, Cyprus and Russia signed a protocol amending the double taxation treaty following the conclusion of negotiations in August.

Το Τμήμα Φορολογίας, με ανακοίνωση του, πληροφορεί όλα τα νομικά πρόσωπα και τους αντιπροσώπους τους ότι η διμερής Συμφωνία Αρμόδιας Αρχής

The Cyprus Tax Department has announced to all legal entities and their representatives that the bilateral Competent Authority Arrangement (CAA) for the exchange of Country-by-Country

On 13 March 2018, the EU Member States reached a political agreement on the tax intermediaries’ directive (“the Directive”). The Directive was formally adopted by the EU Council as amendment to Council Directive

Cyprus has established a local trust legislation that is a combination of the English Trustee Act of 1925 and the International Trust Law No.69 (I)/92 as amended by Law 20(I)/2012.

Cyprus has an attractive merger and reorganisation regime between Cyprus entities and cross-border, at EU level. The companies obtain many advantages as a result of merger

Cyprus AIF Regime: In July 2018 the Republic of Cyprus replaced the original Alternative Investment Fund (AIF) Law of 2014 and introduced a more modern and improved regime for AIFs.

It is well known that a Cyprus holding company has many tax advantages which are so great that they make it the absolute tool for international tax planning and optimization

Cyprus strategic geographical location, its warm climate and its favourable tax system has made the island the ideal location for business and trade.