Cyprus Tax News

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International tax conference on CCCTB held in Berlin

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Treaty between Czech Republic and Cyprus initialled

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ECJ: temporal effects of judgment in Meilicke against Germany should not be limited – details

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Treaty between Czech Republic and Cyprus – negotiations

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Company tax regimes of Swiss cantons exempting foreign profits incompatible state aid under EU-Switzerland Agreement

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Protocol to treaty between India and Cyprus – negotiations

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ECJ: hearing in case regarding Dutch withholding tax on outbound dividends

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EU Commission progresses infringement actions against Member States for discriminatory taxation of outbound dividends

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EU Commission requests Italy to implement the Interest and Royalties Directive correctly

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EU Commission requests Italy not to apply a withholding tax on dividends paid to Netherlands parent companies

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ECJ holds French withholding tax on outbound dividends incompatible with freedom of establishment

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ECJ: previous UK ACT regime regarding outbound dividends compatible with EC fundamental freedoms (ACT IV GLO) – details

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European Commission requested Spain to end infringement to the EC Parent-Subsidiary Directive concerning the use of anti-abuse measures

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European Commission requests Belgium to terminate discriminatory taxation of inbound dividends

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European Commission refers Italy and Luxembourg to ECJ for not implementing Directive amending EC Parent-Subsidiary Directive

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European Commission requests Belgium, Italy, Luxembourg, Netherlands, Portugal and Spain to terminate discriminatory taxation of outbound dividends

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European Commission decides that Luxembourg's preferential tax regime for 1929 holding companies constitutes incompatible state aid

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Cyprus and Germany initialled a new tax treaty on 10 June 2005. Once in force, the new treaty will replace the Cyprus-Germany income and capital tax treaty of 9 May 1974. Further details are not yet available.

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