TREATY SHOPPING FOR LICENSING STRUCTURES – MINIMISE TAX EXPOSURE ON LICENSING INCOME TO AS LOW AS 0% – MAXIMUM 15% One major issue in licensing structures where license fees are paid between related parties is arms length pricing. Anti avoidance…
Year end checklist – TAX- VAT Planning can definetely be a holiday wish this season Tax and VAT in Cyprus are always changing and this year specifically it’s more important than ever for Cyprus Companies to better plan their…
How to achieve maximum profits from your Cyprus or International Company Why should an SME outsource bookkeeping since they can do it in house? To reduce operating costs? To avoid the hustle of screening interviews and frequent training? To avoid…
As we are approaching the year end stock takes for business which maintain stock is a must. As per Circular 2011/3 issued on 11 July 2011 by the Tax Department all Cyprus businesses which maintained are obligated to carry out…
Tax Update 29-Sept-2017 The House of Representatives has voted on 29 September 2017 the extension of the deadline for applying for the scheme regarding the settlement of taxes in arrears from 3rd October 2017 to 3rd January 2018. A prerequisite…
Notional Interest Deduction Case: LOAN RESTRUCTURING OPPORTUNITY THROUGH NID Country: UKRAINE COMPANY “LOAN RESTRUCTURING OPPORTUNITY THROUGH NID Cyprus resident Companies are entitled to a Notional Interest Deduction (NID) of up to 80% of their taxable income on qualifying new…
Cyprus 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 earned within Treatie…
D. Marinou & Co Certified Public Accountants (CY) was ranked 27th in a survey carried out by the Gold Magazine and sponsored by the ICAEW. (Gold Magazine April-May Issue: “Top 50 Audit, Accounting & Tax Advisory Firms in Cyprus”) …
