The VAT e-commerce package adopted by the Council on 5 December 2017 includes a number of changes to the place of supply rules for telecommunications, broadcasting and electronically supplied services ('TBE services') as well as to the Mini One Stop...
TAX CALENDAR 2021 Deadline Tax Obligation Tax Form Penalties End of each month Payment of PAYE deducted from employees’ salaries for the previous month TD61 Late payment results in the imposition of interest at 1.75%* per annum from the due...
ANNOUNCEMENT FOR BENEFICIAL OWNERS REGISTER OF CORPORATE AND OTHER LEGAL ENTITIES Dear Clients and Associates, We hereby would like to inform you the following in relation to the establishment of the Beneficial Owners Register of corporate and legal entities: On...
The Arbitrage Opportunity leading to MERGERS AND ACQUISITIONSAfter COVID hit the world in end of 2019 beginning of 2020 our daily life has turned upside down – in economic terms that means uncertainty. Definitely no one can argue that in such...
What Is A Tax Ruling? A Tax Ruling is the official written reply by the Tax Department to requests for guidance on the interpretation of the Cyprus tax law. In October 2015 the Cyprus Tax Department has issued a circular...
Transfer Pricing Transfer Pricing is the term used to describe the intra-group financing transactions and activities. The Cyprus Tax Department (CTD) has issued a circular (the "Circular") on 30 June 2017 revising the transfer pricing framework for companies carrying out...
Cyprus Double Tax TreatiesCyprus offers a network of various double tax treaties (CTT) giving business and individuals the benefit while establishing legal entities in Cyprus. Tax Treaties replace the local tax legislation and protect business against double taxation of income...
The Importance of Trademark Registration Your brand is the most important thing if you are trying to connect your product or service with your customers. Branding Think for a moment about the most well-known shoe brand in your opinion, or...
MariCorp Cyprus no longer updates the below content and some of the info might be out of date. Notional Interest Deduction Case: LOAN RESTRUCTURING OPPORTUNITY THROUGH NID Country: UKRAINE COMPANY “LOAN RESTRUCTURING OPPORTUNITY THROUGH NID back-to-back loan arrangementFor example, instead...