Chain stores increasing in Iran PUBLISHED ON 30/11/2017
According to Alireza Parvaneh, the manager of Food and Beverage Department of Refah Chain Stores Company, chain stores have about 9.2% share in Iran’s retail market. This percentage was about 7% last year and only 3% five years ago, which shows an increasingly rise in number of chain stores in Iran. Although this share compared […]
Qatar signs OECD Convention on Mutual Administrative Assistance in tax matters and CRS MCAA PUBLISHED ON 29/11/2017
Qatar has signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters of the OECD. The Convention was signed by H.E. Khalid Bin Rashid Al-Mansouri, Ambassador of Qatar to France in the presence of the MR Masamichi Kono, Deputy Secretary-General of the OECD on the 10/11/2017 in Paris. Qatar became the 115th jurisdiction […]
Hellenic Bank appoints new chairman PUBLISHED ON 28/11/2017
Hellenic Bank has appointed Youssef A. Nasr, a Lebanese-born US citizen and former HSBC banker as chairman of its board of directors. His appointment is subject to approval by the Central Bank and will take effect once the Board position becomes available. The 63-year old Nasr was working at HSBC for 34 years, from 1976 […]
Cyprus Notional Interest Deduction PUBLISHED ON 25/11/2017
Cyprus Notional Tax Deduction (NID) is a deduction against taxable profit calculated by applying a “reference interest rate” to new equity injected into companies and used by companies for the performance of its activities under certain conditions and constraints. The notional tax deduction in Cyprus enables businesses to deleverage and realise a tax efficient return […]
