International Support For Beneficial Ownership Info Exchange Wednesday 27/4/2016 More than 20 jurisdictions have signed up to a pilot project to exchange data held on beneficial ownership registers and registers of trusts, according to UK Chancellor George Osborne.
Barclays Warns Expats Of Possible Account Closures Thursday 23/7/2015 Barclays Bank has disclosed that it may close expat's accounts in Cyprus if they do not maintain a minimum balance of GPB100,000 (USD156,000).
Cypriot Company Register Shrinks By Ten Percent Tuesday 13/1/2015 Cyprus removed almost 30,000 companies from its company registry in 2014, new figures show.
Harney Opens Singapore Office Friday 30/5/2014 Harneys, an international offshore law firm, has announced the opening of a Singapore office, adding to its offices in the British Virgin Islands, the Cayman Islands, Uruguay, the United Kingdom, Cyprus and Hong Kong.
Cyprus QROPS Struck From HMRC Approved List Monday 20/8/2012 The UK tax authority, HM Revenue and Customs has removed all Qualifying Recognised
Overseas Pension Schemes based in Cyprus from its approved schemes list, effectively
blocking the territory from being able to admit new pension transfers on a tax-free
basis from would-be UK expatriates.
Cyprus Treaty Provides New Capital Gains Rules Friday 15/10/2010 The protocol amending the 1998 tax treaty between Russia and Cyprus includes special provisions related to real estate investment.
Cyprus Initials Revised DTA With Germany Wednesday 2/9/2009 The German Ministry of Finance announced on September 1 that it had initialled
the text of a revised double taxation agreement with Cyprus to allow for the
exchange of information on tax matters between the two countries’ tax
authorities, in accordance with Article 26 of the OECD model convention.
IMF Concludes Article IV Consultation With Cyprus Thursday 20/8/2009 On August 5, the Executive Board of the International Monetary Fund concluded its 2009 Article IV consultation with Cyprus.
India Plans To Revise Double Tax Treaties Thursday 13/8/2009 India is revising its double taxation avoidance treaties, especially those which were concluded prior to 2004. Its objective is to renegotiate anti-abuse provisions.
IMF Issues Cyprus Mission Concluding Statement Monday 6/7/2009 The IMF has issued a Mission Concluding Statement in respect of its Article IV Consultation with Cyprus. The relatively benign impact of the crisis is due, in part, to conservative financial sector practices and strict supervision, and the elimination of exchange rate risk following euro adoption, according to the IMF.