In July 2002 the House of Representatives of Cyprus has enacted the long discussed tax reform. Taxes are reduced substantially, both for corporations and individuals. Major changes in the tax legislation are also effected.
CORPORATIONS
The status of International Business Companies “IBCs” formerly known as offshore companies gradually ceases to exist. As from 1.1.2006 there will be […]

The lack of definition of the terms “management and control” and “place of effective management”, terms used in respect of legal bodies in the D.T.Treaties, as well as the reference in Art. 4.1 of the O.E.C.D. Model Treaty (included in practically all Cyprus Treaties) to the laws of the respective Contracting State in order to […]