Cyprus Shipping in the European Union

Cyprus Shipping in the European Union

A big triumph for Cyprus Shipping has been achieved, with the official approval by The European Commission of the new, fully revised and upgraded Cyprus ShippingTaxation System. This approval constitutes perhaps the most important success for Cyprus Shipping since the...
Cyprus Shipping in the European Union

Cyprus and Iran Double Tax Treaty – August 2015

Cyprus and Iran signed an agreement to avoid double taxation standards in Nicosia on Tuesday, after an agreement was reached between the Middle East state and the West. The Agreement of Avoidance of Double Taxation and Tax Evasion, which specifically deals with income...
Cyprus Shipping in the European Union

New DTT between Cyprus and Guernsey

August, 2014 Cyprus and Guernsey have entered into a double taxation treaty (DTT).  The agreement was completed on July 15 2014 in Cyprus and on July 29 2014 in Guernsey, respectively. The treaty will reportedly enter into force on January 1, 2015, following its...
Cyprus Shipping in the European Union

New Cyprus-Norway double tax treaty signed

Once effective (January 1, 2015), the new DTT will replace the current one between Cyprus and Norway. Under the new DTT there is no withholding tax on interest and royalties. The following WHT rates apply on dividends: 0% if the beneficial owner of the shares is a...
Cyprus Shipping in the European Union

EU Talks on Cyprus Citizenship Scheme

EU legal services are to open negotiations with Cyprus over the country’s citizenship programme, according to a report in MaltaToday. The talks follow the conclusion of negotiations with Malta over its citizenship scheme, in particular with regard to residency....