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Cyprus News - Business, Taxation & Offshore

Cyprus, India Tax Treaty To Take Effect In 2017

by Mary Swire,, Hong Kong

Wednesday, December 28, 2016

The revised double tax avoidance agreement between India and Cyprus will take effect from April 1, 2017, India's Central Board of Direct Taxes has announced.Read Full Story


Tax Rose In 20 EU States In 2015, Says Eurostat Report

by Ulrika Lomas,, Brussels

Wednesday, November 9, 2016

The European Union statistics agency, Eurostat, has released new figures concerning member states' tax revenue collections and their tax mixes for 2015.Read Full Story



Italian Police Breaks Up Europe-Wide VAT Fraud Ring

by Ulrika Lomas,, Bussels

Friday, October 14, 2016

On October 12, the Italian financial police said it had broke up a value-added tax fraud ring allegedly involved in transactions totaling EUR930m, through 180 companies in 15 European Union (EU) countries.Read Full Story


European Parliament Begins Panama Papers Inquiry

by Ulrika Lomas,, Brussels

Wednesday, September 28, 2016

The European Parliament has begun its inquiry into the Panama Papers with a hearing with the investigative journalists behind the leak. Read Full Story



HMRC Warns Against Use Of New CGT Avoidance Scheme

by Amanda Banks,, London

Monday, September 19, 2016

UK tax authority HM Revenue and Customs has said that it is aware of a new tax avoidance scheme that attempts to exploit Entrepreneurs' Relief by turning what would be income into a capital gain. Read Full Story


India Cabinet Agrees Cypriot Tax Treaty Changes

by Mary Swire,, Hong Kong

Thursday, August 25, 2016

The Indian Cabinet on August 24 approved the signature of a double tax agreement protocol with Cyprus that would tackle "round tripping" and base erosion and profit shifting.Read Full Story