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| CYPRUS
LAW AND TAX HEADLINES |
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Cyprus, UAE Call For Rapid Conclusion Of DTA
01/07/2009 |
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The Cypriot Minister of Foreign Affairs Markos Kyprianou had a meeting on June
23 with the Foreign Minister of the United Arabic Emirates, Sheikh Abdullah Bin
Zayed Al Nayan to discuss increased cooperation between the two countries, especially
within trade. Both diplomats underlined that a proposed double tax convention
between the two countries should be signed in earnest to increase trade and investment
flows.
FULL
STORY |
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HMRC Recognizes Cyprus Stock Exchange
29/06/2009
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The Cyprus Stock Exchange has been designated as a recognised stock exchange for the purposes of HM Revenue and Customs tax treatment, the UK tax authority announced on June 24.
FULL
STORY
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Libya, Cyprus Sign Economic Cooperation Agreement
02/06/2009 |
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Following the completion of the work of the Joint Cyprus - Libya Committee, an
important Protocol of Cooperation was signed between the two countries, which
aims inter alia to enhance and further develop their bilateral relations in the
fields of economy, commerce and science.
FULL
STORY |
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Russia To Remove Cyprus From Tax 'Blacklist'
20/04/2009 |
Cypriot Finance Minister Charilaos Stavrakis has announced that Russia and Cyprus have signed a new double taxation avoidance agreement which should finally secure Cyprus's removal from the notorious Russian 'blacklist' of jurisdictions which have not demonstrated a sufficient level of cooperation with the Russian tax authorities.
FULL
STORY
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Indian Tax Authority Considers Ways To Reduce Use Of Tax Havens
17/04/2009 |
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The Indian Central Board of Direct Taxes is investigating ways of acting against roundtripping and treaty shopping, capitalizing on concerted attempts worldwide to force greater disclosure on tax havens.
FULL
STORY |
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OECD Delivers On G20 Tax Blacklist Pledge
06/04/2009
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The Organisation of Economic Cooperation and Development has published a list of jurisdictions it believes have not implemented internationally agreed standards of tax cooperation, following through on the G-20 nations' pledge to take action against 'non cooperative' territories in the interests of maintaining stability in the global financial system.
FULL
STORY
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Cyprus Ratifies Anti Money Laundering/Terrorist Financing Convention
03/04/2009 |
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On March 27, Cyprus ratified the Council of Europe Convention on Money Laundering,
Search, Seizure and Confiscation of the Proceeds from Crime and on the Financing
of Terrorism (CETS No. 198).
FULL
STORY |
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Cyprus And Iran Sign Bilateral Investment Protection Agreement
06/03/2009 |
Cypriot Minister of Commerce, Industry and Tourism, Antonis Paschalides, arrived in Teheran on March 3 at the head of a business delegation for a two day official visit
at the invitation of the Iranian Minister of Commerce, which involved the signing of
an agreement to protect and promote mutual investment.
FULL
STORY
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Cypriot Tax Regime Most Attractive In Europe
24/02/2009 |
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Cyprus has the most attractive tax regime in Europe, and Estonia is rated number five, finds a recent KPMG international poll of businesses across Europe.
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STORY |
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Cypriot FM Announces Progress On Russian 'Blacklist' Issue
10/02/2009 |
Speaking to the Russian Business Association, Cypriot Minister for Finance Charilaos
Stavrakis addressed the challenges Cyprus faces, its development as an international
finance centre, and announced diplomatic changes with Russia in relation to its tax ‘blacklist’.
FULL
STORY
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Investment Managers Welcome European Vote In Favour Of Single EU Funds Market
15/01/2009 |
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Tuesday's vote by the European Parliament in favour of the UCITS IV Directive is a major milestone in creating a truly single market in asset management and opening up more opportunities for Europe's investors, according to the UK-based Investment Management Association.
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STORY |
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India Will Try Again To Prevent 'Treaty Shopping'
29/12/2008 |
The Indian government is expected to use its new direct tax code to attempt to prohibit
so-called ‘treaty shopping’. The Mauritius-India treaty in
particular has come under intensified scrutiny recently.
FULL
STORY
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Cypriot Finance Minister Announces 2009 Budget
09/12/2008 |
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Cypriot Finance Minister Charilaos Stavrakis presented his budget for 2009
last Thursday for what he described as a ‘difficult year’ ahead.
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STORY |
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Cypriot Stock Exchange Signs MoU With Teheran Exchange
03/12/2008 |
The Teheran Stock Exchange Corporation has signed an Memorandum of Understanding
with the Cyprus Stock Exchange, boosting cooperation between the two bourses in several areas.
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STORY
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Cypriot Leader Optimistic Over Russian Blacklist
28/11/2008 |
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Dmitry Medvedev, President of Russia, and Demetris Christofias (pictured), President of Cyprus met last week to discuss bilateral relations, although there appears to be little sign yet that Moscow is ready to remove Cyprus from its tax 'blacklist' despite optimistic noises from the Cypriot leadership.
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