Category: Tax treaties

Advance Pricing Agreement / Automatic Exchange of Information / Beneficial Ownership / Cyprus / G20 / OECD / Profit Shifting / Regulatory / Tax Avoidance / Tax Laws / Tax Planning / Tax Transparency / Tax treaties / Transfer pricing

Cyprus: European Mandatory Disclosure Regime (EU MDR) – A New Reality For Cypriot Intermediaries, Another Burden On Cypriot Taxpayers?

Published by: Mondaq - October 12, 2020

Mandatory disclosure rules are not something new for European Member States ("EU MS"). In fact, with the United Kingdom leading the race (from 2004), Ireland (in 2008) and then Portugal (in 2011) were the first -and only- EU MS to introduce mandatory disclosure rules in their local legislation. ... - Continue reading

Cyprus / Dividends / Double Tax Avoidance Treaty / Double Tax Treaty / Interest / Jurisdiction / Tax treaties / Withholding Tax

Cyprus: Cyprus – Russia Double Tax Treaty

Published by: Mondaq - October 8, 2020

Cyprus strikes a deal on Double Tax Treaty with Russian Government The Republic of Cyprus and Russia had entered into a Double Tax Treaty (DTT) in 1998 in a joint effort to avoid the double taxing of income and capital generated in Cyprus, in order to promote the economic cooperation between the two countries. Since its introduction, the DTT has been the catalyst for Russian investment in Cyprus, being an attractive jurisdiction with regards to its tax benefits. ... - Continue reading

China / Double Taxation Agreement / Hong Kong / Serbia

China’s Hong Kong, Serbia sign comprehensive avoidance of double taxation agreement

Posted On: August 28, 2020

HONG KONG, Aug. 28 (Xinhua) — The government of China’s Hong Kong Special Administrative Region has signed a comprehensive avoidance of double taxation agreement (CDTA) with Serbia, signifying the government’s sustained efforts in expanding Hong Kong’s tax treaty network, a government spokesman said Friday. The CDTA is the 44th such… – Continue reading

Business / Cyprus / Double Tax Treaty / Double Taxation / Mutual Agreement Procedure / OECD / Permanent establishment / Profit Shifting

Cyprus: Cyprus And Switzerland Agree Updated Double Tax Treaty

Published by: Mondaq - August 17, 2020

On 20 July 2020 Cyprus agreed an updated double tax treaty (DTT) with Switzerland. The signatory for Cyprus was Foreign Minister Constantinos Petrides, while his counterpart, Pierre-Yves Fux, signed on behalf of the Swiss Federal Council. The revised protocol will update the existing agreement, which has been in force since July 2014. Details of the protocol were published in the Official Gazette on the 24 July 2020 and are now undergoing the ratification process. ... - Continue reading

Canada Revenue Agency / Capital gains / Double Taxation / Exemptions / G7 / Government Bodies / Interest / Lease / OECD / Tax Credit / Tax Planning

Canada: Don’t Let Your Dream Vacation Home Become A Tax Nightmare

Published by: Mondaq - July 29, 2020

Renting your foreign property may require you to disclose information to the Canada Revenue Agency (the "CRA"). A Foreign Income Verification Statement is required to be filed with the CRA where the adjusted cost base of the property exceeds CDN $100,000.  ... - Continue reading

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