PRISM Tax Newsletter- 3rd Quarter2021 issueThe latest issues 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.Read the publication利安达国际税务季刊PRISM2021年第3季利安达国际最新一期税务季刊，让您掌握最新的国际税务动态与热门话题。 欢迎点击以下链接阅读！阅读PDF版   焦点内容 Highlights ​ Australia The sharing economy and tax (Gig Economy) The sharing economy is economic…

Introduction On 15 October, the Cyprus’ Minister of Finance announced and presented an Action Plan targeting investments in Cyprus by foreign companies. The key measures of the Action Plan are analysed below. The implementation of these measures will commence in the first quarter of 2022.   Business Facilitation Unit (BFU) Transformation of the existing Fast Track Business Activation Mechanism into…

First Double Tax Treaty between Cyprus and the Netherlands On 1st June 2021 Cyprus and the Netherlands signed their first Double Taxation Avoidance Agreement (DTAA), which will be in force as soon as various ratification procedures are completed.   The DTTA is based on the Organization for Economic Co-operation and Development (OECD) Model Tax Convention and its main provisions are…

The latest issues 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. Read the publication   Highlights AustraliaChanges to company tax rates There are changes to the company tax rates in Australia. The full company…

Introduction On 17 July 2020, the Cypriot House of Representatives passed a bill amending Section 9(1)(l) of the Income Tax Law which introduced changes with respect to the tax treatment of intangible assets. These changes affect the claim of capital allowances and the preparation of a balancing statement in respect of intangibles from 1 January 2020 and their objective is…

According to the Income Tax Office legislation, each company needs to estimate its final taxable income for the current year and pay two equal installments on the estimated tax before/at the following dates: 1. 31 July - current year 2. 31 December - current year If the Company fails to do so by submitting the IR6 declarations and its operations result in…