The Portuguese Ministry of Finance has removed Cyprus from the country’s ‘black list’ of jurisdictions which are considered to have privileged tax regimes (tax heavens), based on the Decree No. 292/2011, in both countries’ efforts to be in full compliance with relevant EU Directives, such as the EU Directive on mutual assistance and exchange of information in the field of…

HTT Audit Limited presents a synopsis of the recently drafted Indian Union Budget, which was prepared by our firm‟s associate Mr. Sundar Sundarraman. Mr. Sundarraman is a fellow member of the Institute of Chartered Accountants of India and a graduate in Commerce and a Partner of M/s. S. Venkatram & Co., Chennai. In practice in India from the year 1992…

The House of Parliament voted for the extension until 31 October 2012 of the validity of the Law 160(Ι) of 2011, which provides for settlement of tax liabilities for the years up to 2008 with a penalty of 5% only (http://www.httaudit.com.cy/index.php/component/k2/item/39-interest-and-penalties-on-tax-liability) at 29 March 2012. In addition and on the same day, the Director of Inland Revenue announced that the…

Η Βουλή των Αντιπροσώπων σε συνεδρία της στις 29 Μαρτίου 2012 ψήφισε πρόταση νόμου με την οποία η ισχύς του Νόμου 160(Ι) του 2011 που προβλέπει για τον ειδικό διακανονισμό φορολογικών οφειλών για τα έτη μέχρι και το 2008 με επιβάρυνση 5% μόνο (http://www.httaudit.com.cy/index.php/component/k2/item/40-τόκοι-και-πρόστιμα-σε-οφειλόμενη-φορολογία) , παρατείνεται μέχρι τις 31 Οκτωβρίου 2012. Επίσης κατά την ίδια ημερομηνία, ο Διευθυντής του Τμήματος…

HTT Audit Ltd has been appointed as a correspondent firm of Reanda International (www.reanda-international.com ) since December 2011; the first Asian Accounting Network going global which effectively will add more value in our operations and enhance our network of associates. HTT Audit Ltd is first European member of the Network, which is ranked among the top 20 Accounting Networks worldwide…