News and insights

New regulations in key offshore jurisdictions including the British Virgin Islands, Cayman Islands, Bermuda, Guernsey, Jersey and Isle of Man, Marshall Islands came into force at the beginning of 2019 …

Below is the list of charges that will be in force on 18 December 2019 in case of late registration.   FOR COMPANIES   1. Transfer of Shares:  Any transfer …

In regard to certain structural changes that are currently taking place on the Cyprus Banking sector, that also affect the status of your company/ies that hold bank accounts in Cyprus. …

Annual Levy of EUR 350.00 – companies registered in Cyprus Please be informed that as per the Article 391 of the Companies law (as amended Law No. 6(I)/2013), it is …

Despite its very favourable tax regime, Cyprus has successfully avoided being implicated as a tax heaven and maintains its place among the lawful jurisdictions for business development. Nevertheless, the Cypriot …

We would like to inform our clients about the increase in Social Insurance Funds and the implementation of the new National Health Insurance System (NHIS). Social Insurance Contributions Increase As …

On Friday, May 25th, the new EU regulation for personal data processing takes effect. Personal data relates to any type of personal information that can be used to establish an …

On 22 March 2018, Cyprus signed a new tax treaty and accompanying Protocol (the new DTT) with the United Kingdom. The agreement updates the existing convention signed by the two …

Following the transposition of the 4th AML Directive, the Maltese laws (hereinafter “the Regulations”) have been amended to introduce the provisions on beneficial ownership information in order to further promote …

On July 1, 2017 in the British Virgin Islands (the ‘BVI’) a new legislation – The Beneficial Ownership Secure Search System Act – has been enacted. It is binding all …

On 14 July 2017, an amendment to the definition of “Cyprus tax resident individual” was implemented by the House of Representatives. The new rules were voted into the law as …

Forward As part of the overall exertion to improve Cyprus’ attractiveness as an international business and financial center, and in order to remain highly compliant as a traditional jurisdiction, the …

Z dniem 1 stycznia 2015 r. weszły w życie przepisy przewidujące opodatkowanie przez polskich podatników dochodów uzyskiwanych poprzez zagraniczne spółki kontrolowane (Controlled Foreign Corporation – CFC).   Zgodnie z polską …

Introduction The intensifying initiatives in global tax reforms like the Base Erosion and Profit Shifting (BEPS) initiative created by Organisation for Economic Cooperation and Development’s (OECD) along with many of …

  At IBCCS we are happy to announce the opening of our London office in order to enhance our presence within the region and further augment our services for clients …

Serdecznie zapraszamy do udziału w seminarium organizowanym przez IBC Corporate Solutions: „Planowanie podatkowe z wykorzystaniem spółek cypryjskich i maltańskich”. Szkolenie odbędzie się 16 lutego 2016 r. w dwóch możliwych do …

In order to protect the integrity of tax systems and the fight against tax avoidance, governments around the world bring the standard automatic exchange of information in tax matters called …

We would like to remind our clients and contacts about the upcoming deadline for submission of the 2nd declaration concerning provisional tax for the year 2015. Computation of Temporary Tax …