Amendments to the Cyprus Tax Laws
On the 21st day of December 2012 several amendments to the Cyprus Tax laws have been voted in by the Parliament in Cyprus. We present below the most relevant amendments that affect our line of business.
The law regulating companies providing administrative services and related matters of 2012
The Law Regulating Companies Providing Administrative and Related Matters of 2012 (no.L.196(I)/2012) (“the Law”) came into force on 21 December 2012. The Law transposes the provisions of Directive 2005/60/EC into national law of the Republic of Cyprus (“the Republic”), and…
Management and Control
The place of central management and control as a test of residence is becoming established as the first rule that companies need to satisfy in order to avoid any tax adverse consequences. This is true in many countries now. The…