We would like to inform you that the Cyprus Tax Department has issued on the 29th of December 2017 the Circular 219-VAT and on the 2nd of January 2018 the Circular 220-VAT, providing some important clarification in relation with the implementation of the New Law.
We would like to inform you that as from 1st January 2018, the Gibraltar Financial Services (Distributed Ledger Technology Providers) Regulations 2017 (the "DLT Regulations") will come into force.
The Financial Conduct Authority ("FCA") released a statement regarding the European Council's ("EC") confirmation that sufficient progress has been made to move to the second phase of negotiations related to transition and the framework for the future relationship between the UK and the European Union.
The Financial Conduct Authority ("FCA") published its approach to authorisation and its approach to competition.
The Joint Committee of the three European Supervisory Authorities (EBA, EIOPA and ESMA - "ESAs") published draft regulatory technical standards ("RTS").
The European Securities and Markets Authority ("ESMA") published the results of its Peer Review of the Guidelines on certain aspects of the compliance function under MiFID.
We would like to inform you that the Tax Department of the Republic of Cyprus has issued on 25 November 2015, Circular No. 198, amending the provisions the Cyprus Yacht Leasing Scheme that was firstly introduced in Cyprus since March 2012.
The European Banking Authority ("EBA") published its sixth updated list of capital instruments that Competent Authorities across the EU have classified as Common Equity Tier 1 ("CET1").
We would like to bring to your attention that the second installment of temporary tax for the year 2017 is due by 31 December 2017.
We would like to inform you that the Cyprus House of Representatives in Cyprus voted on 3 November 2017 a new Law amending the Cyprus VAT Law N. 95(I)/2000 (hereafter ‘the Law’). The new Law was published in the Official Gazette of the Republic of Cyprus on the 13 of November 2017.