Cyprus Companies: Important Changes for Back-to-Back Loans between Related Parties PUBLISHED ON 08/03/2017
Loans between related parties where a Cyprus Company is involved will now have to bear interest rates as per transfer pricing rules. The current practice of the minimum interest rate allowable by the Cyprus Tax Authorities on loans between related companies provided for an annual interest rate not lower than 0,35 %. It has been decided […]
Cyprus Tax Alert: Arrangement for Payment of Delayed Tax Liabilities PUBLISHED ON 20/02/2017
Cyprus tax payers (individuals and companies) do now have the possibility of paying their delayed tax liabilities by long-term instalments. The new Law will refer to the possibility for applying taxpayers to arrange with the Tax Department the payment of taxes due (including penalties and interest) by instalments. The tax arrears must be settled to […]
Shanda Consult conducted two workshops for OIETAI, Tehran PUBLISHED ON 27/01/2017
On 18 January 2017, Shanda Consult conducted two interactive workshops for the Organisation for Investment, Economic and Technical Assistance of Iran. OIETAI is the investment promotion body of the Ministry of Economic Affairs and Finance of Iran. The workshops took place at OIETAI Headquarters in Tehran. The interactive workshop organised and held by Shanda Consult was […]
EU and US lift sanctions on Iran PUBLISHED ON 22/01/2017
The EU and the US announced the lifting of the economic and financial sanctions against Iran with immediate effect. Iran ordered 114 planes from Airbus immediately. Yesterday evening (16.01.2016), Iran has been found compliant by the International Atom Energy Agency (IAEA) with the terms of the Atom Road-Map Agreement of 14.07.2015. EU Sanctions EU foreign […]
