Cyprus – Interesting tax changes on the horizon


Yesterday the Cyprus government announced a major tax reform aimed at significantly modernising and strengthening our domestic tax system. Cyprus President, Nicos Anastasiades, confirmed this week at the 54th Annual General Assembly of the Institute of Certified Public Accountants of Cyprus (ICPAC) that a series of new tax measures were ratified by the Council of […]


Cyprus: Insolvency Framework


The six pieces of legislation forming the Insolvency Framework came into force on May 7, 2015, day of its publication in the Official Gazette [five laws and a regulatory administrative acts (regulations)]. Those provisions have been passed by the House of Representatives on April 18 2015. The following came into force: The Insolvency Individuals (Personal […]


Tax Avoidance Strategies in the European Union


While the formation of the EU brought unity to its member nations in a number of ways, there still remains a substantial difference between the laws of those member nations which include tax avoidance strategies in the EU making them vary by country. It is a well-known fact that some offshore tax haven countries have streamlined taxation […]


Tax Avoidance Vs. Tax Evasion


Take the Legal Route to Reduce Taxes When owning your own business, you most definitely have the right to organise it in such a way, ensuring you do not have to pay any more taxes than necessary. This strategic plan, known as tax avoidance, involves using legal means to reduce taxes and is the practice […]


Cyprus has still no sign of the ‘Lagarde list’


France has repeatedly been asked by the Cypriot Government to hand over a list of suspected Cyprus-based tax evaders. The requests to date have still not been met with success as told by the Cyprus Finance Minister. The Finance Minister Harris Georgiades told MPs that since March 2013, Nicosia on several occasions has asked Paris […]