An amendment to article 9B of the Income Tax Law (ITL) was published on 16 June 2020 in the Official Gazette, in relation to the Notional Interest Deduction (NID), in order to comply with the European Commission recommendations.
An amendment to article 9B of the Income Tax Law (ITL) was published on 16 June 2020 in the Official Gazette, in relation to the Notional Interest Deduction (NID), in order to comply with the European Commission recommendations.
The present Circular is issued pursuant to section 25(1)(c)(ii) &(iii) of the Cyprus and Exchange Commission Law ("the CySEC Law").
On 2 June 2020, the House of Representatives voted an amendment in respect to tax relief on taxes relating to rental income, in order to support the Cyprus economy. The amendment provides a tax incentive to landlords that voluntarily reduce the rental amount charged to tenants (individual or company).
The European Securities and Markets Authority ("ESMA"), the EU’s securities markets regulator, has submitted a response to the European Commission’s ("EC") consultation on a revision of the Non-Financial Reporting Directive ("NFRD").
We would like to inform you that the Minister of Finance has granted an extension to the deadline for submission of the 2019 Income Tax Returns (T.D.1).
The European Banking Authority ("EBA") launched a consultation on draft Regulatory Technical Standards ("RTS") on the capitalisation of non-modellable risk factors ("NMRFs") for institutions using the new Internal Model Approach ("IMA") under the Fundamental Review of the Trading Book ("FRTB").
Extension to the deadline for submission of the 2018 Income Tax Return.
The Cyprus Securities and Exchange Commission ("CySEC") wishes to inform the CIFs that the European Securities and Markets Authority ("ESMA") has published on 6 April 2020, the Guidelines on standardised procedures and messaging protocols ("the Guidelines").
The European Securities and Markets Authority ("ESMA"), the EU securities markets regulator, publishes the first complete risk dashboard for 2020, and highlights the very high risks in all areas of ESMA’s remit.
The European Banking Authority ("EBA") welcomed the EU Commission’s action plan on anti-money laundering and counter terrorist financing ("AML/CFT").