EU Blacklist

EU Blacklist

EU Blacklist What is the EU Blacklist? The EU Blacklist is the newest tool to tackle the risks arising from tax abuse and unfair tax competition. It targets jurisdictions that do not meet and do not intend to meet EU tax good governance criteria. The idea was that a...
Cyprus 2019 NID Rate

Cyprus 2019 NID Rate

Cyprus 2019 NID Rate The Cyprus Department of Taxation has published the rates applicable for the 10 year government rate of each state, which once increased by 3%, constitutes the reference rate for the purposes of the Cyprus Notional Interest Deduction (NID) for the...
Cyprus Kazakhstan Tax Treaty

Cyprus Kazakhstan Tax Treaty

Cyprus Kazakhstan Tax Treaty The Cyprus Kazakhstan Double Tax Treaty has entered into force as of the 17th of January 2020. As a result, the Treaty is now in force and shall have an effect as of the 1st of January 2021. As of the day of writing this publication Cyprus...
Cyprus Notional Interest Deduction (NID)

Cyprus Notional Interest Deduction (NID)

Cyprus Notional Interest Deduction (NID) In September 2015, Cyprus introduced the Notional Interest Deduction (“NID”) regime. A new and powerful tax tool provided to business enabling them to create a return on new equity injected into a local business....
Cyprus Double Taxation Dispute system introduced

Cyprus Double Taxation Dispute system introduced

Double Taxation Dispute system inoculated in Cyprus relates to a double taxation dispute between Cyprus and one or more member state as to the taxing rights over the same profit. Cyprus On the 5th of December 2019 transposed EU Directive 2017/1852 of 10 October 2017...
Cyprus-Egypt Double Tax Agreement

Cyprus-Egypt Double Tax Agreement

On the 8th of October 2019 the Republic of Cyprus and the Arab Republic of Egypt signed a new protocol for the Elimination of Taxation with Respect to Taxes on Income and the Prevention of Fiscal Evasion and Avoidance (“Double Tax Agreement”). The news...