September 16, 2020
Corporate administrators can provide a new type of serviceThe Law Regulating Companies Providing Administrative Services and Related Matters of 2012 (the Law) has been further amended on 17/08/2020.
August 14, 2020
Russia and Cyprus: Tax Agreement on New TermsOn August 10, as part of the negotiations, Cyprus agreed to new conditions that provide for withholding tax at the sources of payment at the rate of 15% for dividends and interest paid from the Russian Federation.
August 10, 2020
Tax Residency in 90 DaysAt the beginning of the pandemic, the Organization for economic cooperation and development recommended that countries change their legislation so that isolation does not affect tax residency.
July 14, 2020
The OECD has published the results of automatic exchange of information on financial accounts in 2020The CRS requires countries and jurisdictions to exchange information about non-residents' financial accounts received from their financial institutions annually, which reduces the probability of tax evasion in offshore zones.
July 10, 2020
Cyprus: Since 1 of July Contributions to the GESY Fund Have IncreasedFrom March 1, 2020, contributions to the Fund of the state health insurance system of Cyprus GESY were supposed to grow as part of the second stage of the reform of this system.
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