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Posted in News, News for Cyprus
Cyprus Implements the 5th Anti-Money Laundering Directive
On the 18 February 2021, the House of Representatives enacted the 5AMLD into law (the “New Law”). With the enactment of the 5AMLD, Cyprus has complied with the provisions and changes imposed by the EU Directive 2018/843.
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Posted in News, News for Cyprus
Cyprus imposes 0.4% levy on sales of immovable property
The House of Representatives passed earlier this month a new law levying a 0.4% tax on all sales of immovable property, the proceeds of which will go toward supporting Greek-Cypriot refugee…
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Posted in News, News for Cyprus
Cyprus Tax News: Time of supply for barter transactions in the construction industry
On 17 February 2021, the Cyprus Tax Department issued a new Implementing Guideline to clarify the time of supply for VAT purposes for barter transactions in the construction industry and, therefore, the time when VAT should be…
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Posted in News, News for Cyprus, News for Greece
GDPR Flash News: Fine of 225,000 euros in an online store
The article refers to the fine of 225,000 euros imposed by the French Data Protection Authority (CNIL) on an online store and the IT company providing the technical support, for leaking personal data of 40,000 customers.
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Posted in News, News for Cyprus, News for Greece
BREXIT & GDPR
2021 constitutes a landmark year for Brexit, provided that the transition period following the Withdrawal Agreement concluded in January 2020 came to an end on 31.12.2020. Regarding personal data…
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Posted in News, News for Greece
Episode #5 Start a Start-up: Your Day One
On Episode 5, of the Andersen Legal Podcast series, Theodore Pistiolis, managing partner of Andersen Legal is providing a brief guide with the first essential questions that you need to answer before making any action.
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Posted in News, News for Greece, TAX SERVICES
Εxemption of foreign tax residents from the obligation to submit the Assets Means of Declaration
The Legal Council of the State issued its opinion No 12/2021 according to which, the individuals of the foreign and domestic companies that conclude public contracts and have their permanent residence outside Greece are excluded
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Posted in News, News for Greece
Submission of VAT Refund applications to the UK for 2020 expenditure
As of 1st January 2021 and following the expiration of the transition period, the United Kingdom is officially no longer an EU member state but a third country. According to the provisions
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Posted in News, News for Cyprus
Cyprus Tax News: Extension of the tax relaxations-COVID-19 crisis
On 25 January 2021, the Tax Department issued Implementing Guideline 7/2021, which extends the provisions of Implementing Guideline 4/2020 for the year 2021, for the period that the COVID-19 related restriction…
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Posted in News, News for Cyprus
Cyprus Tax News: Extension of the deadline for payment of SDC and GHS contributions
Extension of the deadline for payment of SDC and GHS contributions on deemed dividend distribution for tax year 2018. Further to our previous alert on deemed dividend distribution (DDD),
