- Cyprus: the deadline for the introduction of a fine for late filing of a declaration on the HE32 form has been postponed
- Electronic Register of Beneficiaries in Cyprus: start date of collection of information of beneficiaries has been postponed
- Cyprus Authorities presented the new portal for online payments of the social insurance contributions
- Electronic Register of Beneficiaries in Cyprus
- EU list of non-cooperative jurisdictions for tax purposes was updated
- Corporate administrators can provide a new type of service
- Tax Residency in 90 Days
- The OECD has published the results of automatic exchange of information on financial accounts in 2020
- Cyprus: Since 1 of July Contributions to the GESY Fund Have Increased
- Cyprus: Changes in the Rules of Notional Interest Deduction
Russia and Cyprus: Tax Agreement on New Terms
August 14, 2020
We remind you that on August 3, the Ministry of Finance announced that Russia and Cyprus failed to reach an agreement on changes to the agreement on the avoidance of double taxation (DTT), and the procedure for denouncing the agreement began.
However, on 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.
The Protocol should be signed in September 2020 and enter into force on January 1, 2021.