Reside in Cyprus for 60 days and obtain the Cyprus Tax Residency
Reside in Cyprus for 60 days and obtain the Cyprus Tax Residency
The Cyprus Government in an effort to boost the competitiveness of the newly launched Cyprus Non-Domicile Scheme has recently proceeded to also amend the criteria that need to be satisfied by any individual who wishes to become a Cyprus tax resident.
Reforms to Malta’s Gaming Legal Framework proposed
Reforms to Malta’s Gaming Legal Framework proposed
The Malta Gaming Authority Publishes a White Paper Proposing Major Reforms to Malta’s Gaming Legal Framework. On the 12th of July 2017 Malta Gaming Authority (MGA) has published White Paper proposing reforms to Malta’s Gaming Legal Framework.
Changes to the Malta Residence and Visa Programme
Changes to the Malta Residence and Visa Programme
There were changes to the Malta Residence and Visa Programme as per Legal Notice 189 of 2017 as below:
Cyprus signs Multilateral Convention to Implement Tax Treaty
Cyprus signs Multilateral Convention to Implement Tax Treaty
On the 7th of June 2017 Cyprus signed the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (“MLI”). The MLI will implement tax treaty measures in order to reduce opportunities for tax avoidance by multinational companies.
Cyprus Tax Treaty with Luxembourg
Cyprus Tax Treaty with Luxembourg
The treaty, based on the OECD model treaty, provides for the following maximum withholding tax rates on dividends, interest and royalty payments:
Cyprus - Commercial Court to be set up and operational from 2018
Cyprus – Commercial Court to be set up and operational from 2018
Mr. Ionas Nicolaou, Minister of Justice and Members of Supreme Court had decided to set up a Commercial Court from the beginning of 2018.
Cyprus Tax Treaty with Barbados
Cyprus Tax Treaty with Barbados
On the 3rd of May 2017 Cyprus signed double tax treaty with Barbados.
Double Tax Treaty between Cyprus and Bahrain
Double Tax Treaty between Cyprus and Bahrain
The Double Tax Treaty (DDT) between The Republic of Cyprus and the Kingdom of Bahrain entered into force in January 2017. The DTT is 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 Cyprus.
Ratification of double taxation treaty between Ukraine and Malta
Ratification of double taxation treaty between Ukraine and Malta
On 13th April 2017, the Parliament of Ukraine approved the Convention and Protocol between Ukraine and Malta on “Avoidance of Double taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income”, signed in Kyiv on 4th September 2013.
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