Permanent Establishments (PE) and tax residency in times of Covid 19 – Cyprus.

Permanent Establishments (PE) and tax residency in times of Covid 19 – Cyprus.

The Cyprus income tax office has recently issued the application Guidance nu 4/2020 dealing with the application of the relevant articles of the law on tax residency and PE considering Covid 19 pandemic. As per the Guidance the period from 21 March 2020 to 9 June 2020 is determined as the time period were restrictions on travelling in/out of Cyprus applied and as such this […]

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Amendments of the Cyprus IP Box tax regime

Amendments of the Cyprus IP Box tax regime

The provisions of the Cyprus Tax law for the treatment of intangible assets have been amended on 14/08/2020, retrospectively from 01/01/2020. The amendments as explained below they enhance the attractiveness of the regime by: abolishing any tax on the gain realized on the disposal of the intangible assets (even on the capital allowances claimed as tax deduction) and; provide flexibility to taxpayers on the claim […]

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Setting a principal Intellectual Property (IP) Company in Cyprus – Tax and Transfer Pricing Considerations.

Setting a principal Intellectual Property (IP) Company in Cyprus – Tax and Transfer Pricing Considerations.

For many businesses, their IPs is the main profit driver. This is more prominent in the digital era and economy in nowadays. The IP is amongst the main reasons why some businesses differentiate from the competition or why some products/services are sold at a higher price. IP comes into different forms such as patents, licenses, software and other non-obvious legally protected IPs. Tax considerations are […]

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Поправки к правилам Вычета Процентных Ставок (NID) на Кипре

Поправки к правилам Вычета Процентных Ставок (NID) на Кипре

Поправки к правилам Вычета Процентных Ставок (NID) на Кипре. 16/06/2020 в официальной газете Республики Кипр были опубликованы поправки к правилам NID. Основные изменения заключаются в следующем: С 1 января 2020 года годовая ставка NID представляет собой 10-летнюю государственную облигацию страны, средства которой инвестируются в бизнес компании, плюс 5% вместо 3% (который действовал до 31/12/2019). Использование кипрской ставки как минимума отменено. Следовательно, в странах, где ставка […]

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