Cyprus Tax News
Withholding tax under EU Savings Directive to be abolished
Treaty between Belarus and Indonesia signed
Finnish Supreme Administrative Court rules on imputation credit for dividends received from a group's parent company in UK
Multilateral action between United Kingdom, France, Germany, Italy and Spain to counter tax evasion
Heavy restrictions on capital movements enter into force
Netherlands Supreme Court: Reinvestment reserve taxable in Netherlands also if a company had its place of effective management in Luxembourg at time of sale of immovable property located in Netherlands
Treaty between Cyprus and Spain signed
Treaty between Russia and Cyprus – Russian Appeal Court decided on applicability of beneficial owner and economic substance requirements
Government Council adopts amendment to exit tax provisions on capital gains to implement National Grid Indus decision
Protocol to treaty between Austria and Cyprus enters into force
Court of First Instance Bruges decides that non-deductible part of the foreign dividend deduction can be included in loss carry-forward
Treaty between Cyprus and Portugal signed
Supreme Court: Business merger facility not applicable to contribution to subsidiary followed by subsequent contribution to grant daughter company of all assets except a business building
Treaty between Finland and Cyprus – details
Protocol to treaty between Cyprus and Poland enters into force
Treaty between Cyprus and Ukraine signed
Treaty between Cyprus and Estonia signed
Netherlands Supreme Court decides that Dutch thin capitalization provisions in the case of financing companies are not incompatible with ICCPR and ECHR
Protocol to treaty between Poland and Cyprus – details
Court of First Instance Leuven decides that fine imposed by European Commission due to violation of EC competition law is not deductible
Supreme Court decides interest paid on debt-claim towards low-taxed group company resulting from transfer of immovable property not deductible
Protocol to treaty between Cyprus and Russia enters into force
Protocol to treaty between Russia and Cyprus – details
Treaty between Germany and Cyprus enters into force
Treaty between Cyprus and Slovenia enters into force
Treaty between Russia and the Netherlands – Russia clarifies applicability of reduced 5% withholding tax on dividends
Treaty between Denmark and Cyprus enters into force
Treaty between Germany and Cyprus – details
Protocol to treaty between Cyprus and Italy enters into force
Treaty between Denmark and Cyprus – details
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