INTRODUCTION Cyprus has a well-established maritime infrastructure and offers substantial tax incentives for the shipping industry. It is a member of the International Maritime Organisation, the Council of Europe, the Commonwealth and many other. It has concluded bilateral agreements of co-operation in merchant shipping and double taxation treaties with a... read more →
Mar
20
Feb
14
Cypriot Professional Advisory Specialists Cyprus today is firmly established as a reputable international financial centre, claims Michael Korelis, managing director of Korelis & Co. LLC. It has gained its privileged position for a number of reasons including its favorable tax system, wide network of agreements for double taxation avoidance with... read more →
Jan
20
Introduction The Cyprus Parliament has voted on the 14th of December 2010 certain amendments to the following Cyprus tax laws: Income Tax Law Special Defence Contribution Law The Assessments and Collection of Taxes Law Capital Gains Tax Law Immovable Property Tax Law Value Added Tax Law These will be put... read more →
Nov
10
Introduction The EU Shareholders’ Rights Directive (2007/36/EC) (“the Directive”) facilitates the exercise of voting rights by shareholders of listed companies in the EU. Articles 13 of the Directive deals with the particular issues caused by the system of shareholdings through chains of intermediaries. Nowadays, shares are typically held through securities... read more →
Sep
15
Directive 2001/84/EC was implemented on 27 September 2001 to ensure that authors of original work benefit from successive exploitations of their works. The resale right is a right of a productive character which enables the author or the artist to receive consideration for successive transfers of the work. The subject-matter... read more →