Cyprus-Iran Tax Treaty

An amended Protocol on the Avoidance of Double Taxation and Prevention of Fiscal Evasion, with respect to taxes on both Income and Capital has been signed recently between Cyprus and South Africa. The Protocol replaces Article 10 (Dividends) of the Double Tax Treaty....

Cyprus-South Africa Protocol on the Tax Treaty

An amended Protocol on the Avoidance of Double Taxation and Prevention of Fiscal Evasion, with respect to taxes on both Income and Capital has been signed recently between Cyprus and South Africa. The Protocol replaces Article 10 (Dividends) of the Double Tax Treaty....

All capital restrictions have finally been lifted!

Monday 6 April 2015: ALL capital restrictions which were introduced two years earlier as a result of the Economic Adjustment Program for Cyprus agreed with the European Central Bank (ECB), the International Monetary Fund (IMF) and the European Commission (EC) have...

Cyprus-Bahrain Double tax treaty

On 9 March 2015, Cyprus and the Kingdom of Bahrain signed a double tax treaty (DTT) based on the OECD Model Convention for the Avoidance of Double Taxation on Income and Capital with the aim to help attract foreign direct investment to...

Russian De-offshorization Rules and possible actions to be taken

IntroductionThe de-offshorization law came into force on January 01, 2015. What the law says (in summary)1) Disclosure of foreign assets The Law provides for two types of disclosure notices:A) ASSET NOTICE: notification of an interest in any foreign organization if...