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The Russian Federation and Cyprus sign changes to the double taxation agreement

The Russian Federation and Cyprus sign changes to the double taxation agreement Tax rates on interest and dividends in Cyprus rise up to 15% of their sum.  On the 8th of September 2020 Russia and Cyprus signed a protocol on changes to the agreement on double taxation from 1998. According to the changes withholding tax … Continue reading “The Russian Federation and Cyprus sign changes to the double taxation agreement”

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Anti-Tax Avoidance Directive and Interest limitation rule: impact on Cyprus

On January 1st, 2019 the EU Anti-Tax Avoidance Directive (Directive 2016/1164/EU) has entered into force. Also known as the “ATAD”, the main purpose of the directive is to provide consistent application at EU level of a number of recommendations arising from the OECD/G20 Base Erosion and Profit Shifting (BEPS) Project. Among other measures that we … Continue reading “Anti-Tax Avoidance Directive and Interest limitation rule: impact on Cyprus”

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Legal Insight on the European Anti-Tax Avoidance Directive

On 1 January 2019 the EU Anti-Tax Avoidance Directive (Directive 2016/1164/EU) has entered into force to be implemented by all European member states. Also known as “ATAD”, the main purpose of the directive is to provide consistent application at EU level of a number of recommendations arising out of the OECD/G20 Base Erosion and Profit … Continue reading “Legal Insight on the European Anti-Tax Avoidance Directive”

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Directors under Cyprus Law: things you should know

This articles discusses certain matters related to the appointment of directors of Cyprus companies, its general rights and obligations as well as procedure of dismissing Cyprus directors. Additionally, we consider some tax issues, in particular tax consequences when the director is a non-Cyprus resident. How many directors are in Cyprus companies? Cyprus public companies have … Continue reading “Directors under Cyprus Law: things you should know”

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New Gaming Act in Malta entered into force on August 1, 2018

Malta has become a premier and important location for the gaming business. This country offers a perfect ecosystem for gaming industry. On August 1, 2018 the new Gaming Act entered into force. The brand new act replaces the previous Gaming Act having been in force from 1998 which evidently became old-fashioned. Main changes in Gaming … Continue reading “New Gaming Act in Malta entered into force on August 1, 2018”