Nov 28, 2016 | Articles
As an anti-avoidance measure, the Indian government has amended its domestic tax law, with respect to transactions with taxpayers located in certain tax jurisdictions. The amendments involving transactions made in Cyprus include a temporary 30% withholding tax, placed...
Nov 28, 2016 | Articles
The collapse of the Cypriot banking system in March and the introduction of tough fiscal measures to steady the country’s economy, took the shipping industry massively by surprise. But while the Limassol-based shipping industry backed up by the Nicosia government has...
Nov 28, 2016 | Articles
The Ministry of Interior has recently announced a more efficient procedure for granting an Immigration Permit to third country nationals that intend to invest in Cyprus. According to the provisions of Regulation 6(2) of the “Aliens and Immigration” Regulations, Third...
Nov 28, 2016 | Articles
After the Eurogroup proposal for Cyprus was formulated on March 24th, and despite some temporary banking restrictions still applied and which are being eased up, Cyprus Shipping continues its high standard and reliable operations supporting the Cyprus Economy. During...
Nov 28, 2016 | Articles
– The law does not fix the limit where the settlor’s retained powers disqualify the trust. – The trust deed should not give revocable powers – The trust deed should not reserve non fiduciary powers that allow actions against the...
Nov 28, 2016 | Articles
In fact, in extreme cases the total value of a cross-border inherited asset might even have to be paid in tax, because several Member States may claim taxing rights on the same inheritance or tax foreign inheritances more heavily than local inheritances. Citizens may...