Economy

Protect your business from another COVID

Protect your assets and save your taxes with us The outbreak of pandemic Covid-19 all over the world has disturbed the political, social, economic and financial structures. Many businesses were unable to continue their operations because of the significant losses. We at IBCCS constantly work to help our clients protecting their assets and provide solutions to …

Protect your business from another COVID Read More »

Changes to the Double Tax Treaty of Russia and Cyprus

As per the announcement of the president of Russia on 25 March 2020, the withholding tax rate on dividends and interests paid to bank accounts outside Russia will be 15%. The tax will be withheld in Russia as part of the new measures introduced by Vladimir Putin. A 15% rate currently exists for dividends paid …

Changes to the Double Tax Treaty of Russia and Cyprus Read More »

Non-dom Cyprus

New Non-Domiciled Rules in Cyprus

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 House of Representatives on 16 July 2015 passed a number of new laws. One of the changes, introduced the new status of a “non-domicile” (non-dom) …

New Non-Domiciled Rules in Cyprus Read More »

przepisy CFC

Polskie regulacje w sprawie opodatkowania dochodów uzyskiwanych poprzez kontrolowaną spółkę zagraniczną

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 ustawą o podatku dochodowym od osób prawnych za zagraniczną spółkę uznaje się: osobę prawną, spółkę kapitałową w organizacji, transparentną podatkowo spółkę, jeżeli jest traktowana przez …

Polskie regulacje w sprawie opodatkowania dochodów uzyskiwanych poprzez kontrolowaną spółkę zagraniczną Read More »

substance cyprus

Achieving Substance in Cyprus

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 localized tax reform efforts, create a negative impact for multinational businesses. In addition, it is more popular that the countries implement Controlled Foreign Company (CFC) …

Achieving Substance in Cyprus Read More »

London Office Opening – Announcement

  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 in one of the world’s most influential financial centres, to offer our professional services which include: Registration and management of companies and partnerships; Legal & …

London Office Opening – Announcement Read More »

IBC Corporate Solutions

Implementation of CRS in Cyprus as of 1 January 2016

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 Common Reporting Standard (CRS). The CRS is a set of global standards for the automatic exchange of financial information, developed by the Organization for Economic …

Implementation of CRS in Cyprus as of 1 January 2016 Read More »

Non-dom 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 obligatory to pay the annual fee (Annual Levy) for all companies registered in Cyprus. The fee equals to EUR 350.00 (three hundred and fifty euros) and has to be paid to the Registrar of Companies …

Annual Levy of EUR 350.00 – companies registered in Cyprus Read More »

Tax avoidance vs. tax evasion

The difference between those two is crucial. While tax avoidance is legal, tax evasion is not. It is understandable that the local governments try to fight with both, however very often it is a long-term and complicated process. In the meantime, the taxpayers might enjoy their attempts to pay less taxes. Let’s look at both …

Tax avoidance vs. tax evasion Read More »

Types of entities available offshore

In typical offshore jurisdiction, the types of entities available often include the same entities (like various types of companies and partnerships) which are available elsewhere. They may however have different characteristics & regulations and may be treated differently by local law than the same entities in other countries. While companies are the most popular vehicles …

Types of entities available offshore Read More »