Newsletters


February
2017

We would like to inform you that the House of Representatives has introduced a new law which will allow taxpayers to arrange payment of overdue taxes by installments.

February
2017

CySEC published a report on Good Supervisory Practices for reducing mechanistic reliance on credit ratings.

February
2017

ESMA published an updated Q&A document regarding the implementation of MiFID II and MiFIR.

February
2017

All Cyprus tax resident individuals are taxed on all income accrued or derived from all sources in the Republic of Cyprus and abroad. Individuals who are not tax residents of the Republic are taxed on income accrued or derived from sources in the Republic.

January
2017

The Autorité des Marchés Financiers ("AMF") is launching an effort to modernise its monitoring system, enhancing its ability to detect, analyse and investigate suspicious activity.

January
2017

The European Securities and Markets Authority ("ESMA") published guidelines for transaction reporting under the Markets in Financial Instruments Directive ("MiFID II") and Regulation ("MiFIR").

January
2017

The Cyprus Securities and Exchange Commission ("CySEC") issued Circular C177 under article 12(1) of the Market Abuse Law of 2016.

January
2017

The Ministry of Finance issued a Decree defining the requirements of the entities of Multinational Enterprises (MNE) Groups with consolidated group revenue of Euro 750 million and above regarding the information to be provided to the Cyprus Tax Department under the CbC Reporting.

January
2017

The Financial Stability Board ("FSB") published its latest progress report on the implementation of a four-point action to assess and address the decline in corresponding banking. 

January
2017

ESMA has issued an updated Q&A document regarding the implementation of the Market Abuse Regulation ("MAR").

Publications


DECEMBER iCAS Newsletter Issue 47/2017
The Joint Committee of the three European Supervisory Authorities (EBA, EIOPA and ESMA - "ESAs") published draft regulatory technical standards ("RTS"). ...
11 December 2017
NOVEMBER iCAS Newsletter Issue 46/2017
The European Securities and Markets Authority ("ESMA") published the results of its Peer Review of the Guidelines on certain aspects of...
04 December 2017
Cyprus VAT Yacht Leasing Scheme
We would like to inform you that the Tax Department of the Republic of Cyprus has issued on 25 November...
29 November 2017
NOVEMBER iCAS Newsletter Issue 45/2017
The European Banking Authority ("EBA") published its sixth updated list of capital instruments that Competent Authorities across the EU have...
27 November 2017
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