by Jason Gorringe, Tax-News.com, London 04 January 2018 Cyprus’s Ministry of Finance says the island has signed a double tax agreement with Saudi Arabia with respect to taxes on income and for the prevention of tax evasion. The agreement was signed on January 3, 2018, in Riyadh during an official visit of the President of […]
by Ulrika Lomas, Tax-News.com, Brussels 27 December 2017 The European Commission has released the 2017 edition of its survey of Tax Policies in the European Union, looking at the reforms undertaken by EU member states during the year. As well as looking at EU and international trends, the report evaluates national tax systems’ performance against […]
by Jason Gorringe, Tax-News.com, London 14 December 2017 The Cypriot tax authority has extended until January 15, 2018, the deadline for multinational corporations to submit their notifications concerning country-by-country reporting for 2017. The deadline had been December 31. In December 2016, Cyprus issued a decree introducing CbC reporting obligations for multinational enterprises with consolidated group […]
By Jason Piper, ACCA’s Senior Manager, Tax and Business Law – Professional Insights At the European Commission’s 2011 Conference on the future of company law in Europe, Michel Barnier (whatever happened to him?) warned of the dangers of sterile academic discussion of legal forms while entrepreneurs simply go out and do things, and in the […]
by Ulrika Lomas, Tax-News.com, Brussels 09 October 2017 Cyprus should consider reinstating the immovably property tax to boost revenues, the International Monetary Fund has said. Taxpayers in Cyprus previously had to pay an annual tax linked to the total value of all immovable property owned. The tax was substantially reduced in 2016 and withdrawn completely […]
by Ulrika Lomas, Tax-News.com, Brussels 15 September 2017 A delegation from the European Parliament’s PANA Committee will travel to Switzerland to discuss the efforts being taken to combat money laundering, terrorist financing, and tax offences. The 17-member delegation will undertake a fact-finding mission on September 15. It will be received by Switzerland’s Secretariat for International […]
by Jason Gorringe, Tax-News.com, London 14 July 2017 Cyprus’s Tax Department has released details of a tax amnesty, which entered into force on July 3, 2017. The amnesty is open only to taxpayers who have filed all tax returns due by December 31, 2015, and paid (or arranged to pay) all taxes due as of […]
by Ulrika Lomas, Tax-news.com, Brussels 09 June 2017 Twenty EU member states have reached a deal on the establishment of a new European Public Prosecutor’s Office that will have the power to investigate and prosecute criminal cases affecting the EU budget. The Public Prosecutor’s Office will be an independent and decentralized prosecution office of the […]
by Mary Swire, Tax-news.com, Hong Kong 02 May 2017 The total loss to EU member states from the schemes revealed in the Panama Papers could be in the region of between EUR109bn (USD119bn) to EUR237bn, according to a new study commissioned by the European Parliament’s PANA committee. The Committee of Inquiry into Money Laundering, Tax […]
By Jason Piper, ACCA’s Senior Manager, Taxation and Business Law If the only tool you have is a hammer then every problem looks like a nail. If you spend your whole time focused on just one topic, you can sometimes lose sight of the importance of other areas. Some topics though are too important to […]
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