03/09/2021
A main pillar of the bank’s defence is that it was complying with the tax regulations of the day – the European Union Savings Directive, which did not compel banks to hand over client data to other countries.
03/09/2021
How Capital Gains Tax works, and how to check you’re not paying unnecessary tax on your profits
03/05/2021
Cyprus Tax authorities extend the imposition of penalties for late submission on DAC 6
The Tax Department will not begin imposing administrative fines until 30 June 2021
03/05/2021
Budget 2021: Non-doms can rest easy for now
The definition of ‘residence’ for the purposes of these rules also differs to that for other UK taxes, which could result in some anomalies.
03/04/2021
The chancellor prioritised restoring the economy, but his planned tax moves will go some way to filling the hole in the government’s finances.
03/03/2021
The introduction of the so-called ‘stamp duty holiday’ has brought about a sharp increase in housing market activity and a corresponding rise in house prices.
03/03/2021
But what does this mean for advisers and their clients?
03/02/2021
The Chancellor has said that “it is now much harder to justify the inconsistent contributions between people of different employment statuses.”
03/02/2021
Ahead of chancellor Rishi Sunak’s first post-pandemic budget, we look at changes to the UK tax regime being considered by the government, and the practical steps investors might consider in the meantime
02/26/2021
White collar crimes like tax evasion, bribery and corruption are often hidden through complex legal structures and financial transactions facilitated by lawyers, notaries, accountants, financial institutions and other professional enablers.
02/26/2021
However, it notes that there are expected operational challenges in implementing the change across multiple platforms.
02/26/2021
An individual will be subject to income tax on the profits made when disposing of cryptoassets, if they are classed as ‘trading’.
02/25/2021
Labour leader has faced backlash after saying he would oppose any new tax on business in budget
02/25/2021
The report was based on the so-called ‘Football Leaks’ files – internal correspondence and contracts of European football clubs – that were handed to several mainstream European media houses.
02/25/2021
Wolters Kluwer introduces finsit, its cloud-based financial insights platform to the UK
Finsit enables accountants to leverage technology to give real-time, data-rich advice
02/24/2021
In a departure from tradition, while some tax announcements will continue to be made on Budget Day, others will be deferred until Tax Day which has been set for 23 March. What’s going on? We look at the implications.
02/24/2021
As it removes Barbados while the country undergoes a review by the OECD
02/23/2021
Survey respondents say they anticipate a far more diverse tax risk environment spanning everything from scrutiny of routine business activity, to major, billion-dollar settlements in court.
02/19/2021
The circular explains how to calculate non-deductible social contributions. For instance, social contributions related to exempted salary income, such as a prime participative, are not deductible for wage tax calculation purposes.
02/18/2021
For years, Cyprus has served as a popular investment stop for Ukrainians, Dmytro Perevozchykov, a partner at Cyprus-based law firm Michael Kyprianou, which has offices in Kyiv, told Kyiv Post on Feb. 16.