Month: July 2017

Intra – group financing transactions. Circular issued from Cyprus Tax authorities On 30 June 2017 the Cyprus Tax Authorities issued a circular providing guidance regarding the tax treatment of the intra – group financing transactions following the abolishment of the minimum margin scheme from 01/07/2017. The circular applies for existing and future financing transactions, therefore existing arrangements need to be revised in terms to comply […]

The Cyprus Tax Authorities issued an announcement where they give guidance regarding the implementation of the scheme. Important aspects of the law/scheme: 1. Type of taxes covered under the scheme a. Income Tax b. Special Defence Contribution c. Capital Gains Tax d. Inheritance Tax e. Immovable property tax f. Special Contribution g. Stamp Duty h. VAT 2.  Periods covered a. All taxes due for the […]