The Cyprus Ministry of External Affairs and Ministry of Finance have announced that Cyprus has concluded and signed Double Taxation Avoidance Agreements (DTAA) with the following countries:1. Switzerland2. Guernsey3. Lithuania The DTAAs are based on the OECD Model Convention and are expected to further improve the business cooperation between Cyprus and the three abovementioned countries. The treaties were well received…

The Reanda International network is pleased to bring to you the latest issue of PRISM – the quarterly tax newsletter, which is part of Reanda’s effort to stay in touch with our clients by sharing updates and insights on the recent taxation changes and current hot topics. Please click here to download a digital copy of the 3rd quarter 2014…

Under the new tax legislation for IPT, the owners of immovable property situated in Cyprus must pay to the Inland Revenue Department (‘IRD’) the relevant taxation for the year 2014 based on the following percentages: Estimated value of immovable property according to prices of 1980                  Percentage IPT €0 - €40.000* 0.6% €40.001 - €120.000 0.8% €120.001 - €170.000 0.9%…

The commercial and financial relations between Cyprus and The Kingdom of Norway (“Norway”) have been governed by the 1951 DTAA between Norway and the United Kingdom which was extended in 1955 to include several British colonies, including Cyprus.  Given the continuously increased economic activities between the two countries a new DTAA was signed on 24 February 2014 and will come…

The Reanda International network is pleased to bring to you the latest issue of PRISM – the quarterly tax newsletter, which is part of Reanda’s effort to stay in touch with our clients by sharing updates and insights on the recent taxation changes and current hot topics. Please click here to download a digital copy of the 2nd quarter 2014…

We are pleased to inform you that the Reanda International Annual Review 2013 has been published. The Reanda International Annual Review 2013 provides an overview of our network's development and performance for the year 2013. The on-line version of the review is also available on:http://www.reanda-international.com/News_Photo/pdf/Annual_Review_2013.pdf