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1. Businesses fear global tax reform will lead to double taxation

Global tax reform, ineffective use of technology and economic uncertainty are putting significant strain on business’ transfer pricing (TP) capabilities, according to the 2024 EY International Tax and Transfer Pricing Survey....

2. EY Cyprus releases the Cyprus Tax Facts Guide 2024

EY Cyprus is delighted to announce the release of the latest edition of the Cyprus Tax Facts guide for the year 2024....

3. Deloitte’s Tax Facts 2024

4. Cyprus and France seal the deal on tax cooperation

In a milestone development, Cyprus and France have solidified their commitment to combat double taxation through the signing of a renewed Convention on the Elimination of Double Taxation....

5. Cyprus-France convention breaks fiscal barriers

In a strategic maneuver to bolster economic collaboration, Cyprus and France are gearing up to sign a pivotal Convention on Monday in the capital city of Nicosia....

6. Cyprus and Croatia forge tax treaty for business growth

The Republic of Cyprus and the Republic of Croatia have inked a significant Agreement for the Elimination of Double Taxation during the ECOFIN meeting in Luxembourg. ...

7. Cyprus banks' net interest income doubles amid ECB rate hikes

The Cypriot banking system's net interest income (NII) saw a remarkable doubling in the first half of 2023, marking an annual increase of 100%, primarily due to the ongoing rate hikes by the European Central Bank (ECB) aimed at tackling rising inflation....

8. Government cuts interest income rates from 30% to 17%

The Cyprus government decided to slash taxation on interest income from 30% to 17%, Finance Minister Makis Keravnos said on Wednesday, noting that banks should follow suit in boosting income for depositors. ...

9. Cyprus-Oman double taxation agreement approved

The Council of Ministers approved on Wednesday an agreement for double taxation avoidance and the prevention of tax evasion regarding income taxes as well as the relevant protocol between the Republic of Cyprus and the Sultanate of Oman, Minister of Finance, Makis Keravnos said after the Cabinet meeting....

10. Cyprus and Netherlands seal double taxation deal

Cyprus' Minister of Finance, Makis Keravnos, expressed his satisfaction for the conclusion of negotiations on a double taxation avoidance agreement with the Netherlands in a meeting Thursday with the Ambassador of the Netherlands in Cyprus, Elke Merks-Schaapveld, according to a press release by the Ministry of Finance....

11. 'Double tax' treaty talks to begin between Cyprus and Australia

Cyprus Finance Ministry has expressed satisfaction with the positive reaction of Australian authorities to initiate bilateral negotiations for the conclusion of the Convention for the Elimination of Double Taxation with respect to Taxes on Income and the Prevention of Tax Evasion and Avoidance....

12. Cyprus' RCB Bank and its Kremlin ties

On March 24, Cyprus’s fourth-largest bank announced it would wind down its banking operations in the wake of the “volatile geopolitical situation” caused by Russia’s invasion of Ukraine a month earlier....

13. EY presents Cyprus Tax Facts 2022 guide

EY Cyprus is pleased to share the latest Cyprus Tax Facts guide – in English – which provides a straight-forward, holistic summary of the Cyprus tax system, based on current legislation and tax practices, in relation to the fiscal year 2022....

14. King of Jordan meets with President Anastasiades

Βilateral relations, regional developments, climate change, efforts to combat covid-19 and the Cyprus issue were on the agenda during a meeting President Nicos Anastasiades had on Friday with the King of Jordan Abdullah II, who is on an official visit to Cyprus....

15. King of Jordan to visit Cyprus on 17th of December

The King of Jordan Abdallah II will pay an official visit to Cyprus on December 17, during which he will have talks with the President of the Republic, Nicos Anastasiadis....

16. Cyprus, Greece and Jordan to step up cooperation

Cyprus, Greece and Jordan vowed Tuesday to further enhance their trilateral cooperation, which will cover defence and security issues as well as economic and trade cooperation....

17. Pompeo coming to sound Nicosia out

US Secretary of State Mike Pompeo is expected to arrive in Cyprus on Saturday evening, a day after surprising reporters on a plane en route to Doha saying he wanted to swing by the island to hear a fresh perspective on regional tensions...

18. Lavrov says Russia ready to support peace

Russian Foreign Minister Sergey Lavrov says his country stands ready to help diffuse tensions in the region while criticizing US efforts for fueling conflict rather than promoting peaceful solutions...

19. Russia’s top diplomat visits Cyprus

Russian Foreign Minister Sergey Lavrov is flying to the Republic of Cyprus on Monday where a new agreement is expected to be signed on the avoidance of double taxation between the two countries...

20. Cyprus and Russia come to terms

It will no longer be possible for wealthy Russians to distribute profit via dividends to foreign firms in Cyprus, after Nicosia said it agreed with Moscow on terms to amend a double tax treaty, but some say the island still kept some competitive advantages...

21. Cyprus perturbed over Russia tax move

Finance ministry officials in the Republic of Cyprus say they were caught by surprise when Russia announced it would scrap a bilateral double tax treaty, with Moscow suggesting there was no other alternative after talks had failed...

22. Cyprus Foreign Minister concludes first official visit to Skopje

Foreign Minister Nicos Christodoulides had by Wednesday night completed his round of talks in Skopje, where he held an official one-day visit to discuss a range of issues with his North Macedonian counterpart Nikola Dimitrov....

23. House President continues contacts in Australia

President of the House of Representatives Demetris Syllouris continued his contacts in Australia, in the framework of an official visit heading a parliamentary delegation, during which he discussed the Cyprus issue, developments in the Eastern Mediterranean, Turkey’s military operations, avoiding double taxation, and bilateral cooperation. ...

24. Cyprus hails US EastMed bill signed into law

A new US law geared toward boosting energy and security cooperation in the east Mediterranean is indicative of the significance that Washington attaches to the region, Cyprus' foreign minister said Saturday...

25. Uncertainty reigns across international tax landscape

26. Cyprus Tax Webcast November2019

Watch the new Deloitte Tax Webcast for November, presented by Mr. Pieris Markou, Deloitte Cyprus Tax & Legal Services Leader...

27. US affirm commitment to eastern Mediterranean

State Secretary Mike Pompeo underlined the commitment of the United States in the Eastern Mediterranean and the deepening of bilateral relations with the Republic of Cyprus on security...

28. Cyprus considers raising corporate tax rate to 15%

The idea of ​​raising the Cyprus corporate tax rate from 12.5% ​​to 15% has been discussed at a meeting between Finance Minister Haris Georgiades and business executives...

29. Palmer: Ankara has been repeatedly advised to change course

30. Garber: US deeply concerned by Turkey's intention to drill off Cyprus