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Idalion Business Centre
More and more these days, governments around the world are focussing on anti-abuse measures, in a bid to combat the non-payment of taxed by their citizens.
The Cyprus Finance Company
Throughout the world the barriers to capital movements are fast disappearing. Tax differences have become a very significant factor in commercial decisions, and therefore investment structures which have the least tax leakage are preferred by investors. During the last decade…
Cyprus – Russia Tax Treaty
On Thursday 7 October 2010 during the official visit of the Russian president Mr Dmitry Medvedev to Cyprus, 15 agreements were signed boosting bilateral ties with Cyprus. The final version of the long awaited Protocol to the Russia/Cyprus Double Tax…
The Cyprus Tax Facts – 2010
All tax residents of Cyprus are taxed on all income accrued or derived from all sources in Cyprus and abroad. Individuals who are not tax resident so Cyprus are taxed on income accrued or derived from sources in Cyprus only.…
Place Of Supply Of Services 2010 – The EU VAT Package
On 12 February 2008, two Directives, one on the place of supply of services, the other on VAT refunds, were adopted by the EU Council of Ministers. From 1 January 2010, the new rules on the place of supply of…
Amendments To The Cyprus Taxation Laws
The Cyprus Parliament on the 22 October 2009 has enacted amendments to the Cyprus taxation Laws, in particular the Income Tax Law and the Special Contribution for Defence of the Republic Law, mainly aimed at making Cyprus an even more…
Our New Head Office
Centaur Trust is proud to announce the acquisition of a new purpose-built office building located on the outskirts of Nicosia. Centaur House is located in a traditional Cypriot rural setting, conveniently located near Nicosia, with easy access to Larnaca and…
New Protocol To The Cyprus Russia Tax Treaty
On 16 April 2009 representatives from the respective Ministries of the Republic of Cyprus and the Russian Federation have initialled a double taxation protocol to the 1998 tax treaty between the two countries, paving the way for the removal of…
Agreed Interest Margins
Using a Cyprus company as a finance company, though being a good choice, was not always advisable and proper. The main reason for this was the reluctance of the tax authorities in Cyprus to issue pre-transaction rulings on interest margins.…
Revised Definition Securities
Cypriot tax rules provide full exemption from local taxation on gains from the sale of securities?, irrespective of whether the gains are considered to be of a capital or of a revenue nature. There is no requirement for any minimum…