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So far Markou has created 18 blog entries.
13 03, 2020

Case Study: Franchise expansion to the US

2020-04-13T19:16:57+00:00

Franchise expansion to the US Taking advantage of the Cyprus-US double tax treaty The Issue Our client is the owner of a multinational restaurant franchise with licensing arrangements and activities in more than 19 countries. He decided to expand the franchise activities to [...]

Case Study: Franchise expansion to the US2020-04-13T19:16:57+00:00
17 02, 2020

Notional Interest Deduction Rates

2020-04-17T16:01:23+00:00

Notional Interest Deduction Rates On the table below, you can find the ten-year yield rate of Government bond of each Country, which increased by 3%, represents the “reference rate” for the purpose of granting tax allowance on new capital, as per article 9B of the Income Tax Law L.118(I)/2002. [...]

Notional Interest Deduction Rates2020-04-17T16:01:23+00:00
17 02, 2020

Cyprus Notional Interest Deduction

2020-06-29T18:42:53+00:00

Cyprus Notional Interest Deduction (NID) Introduction Generally, companies can be financed via debt, equity or a mixture of both. On the one hand, debt generates interest expense, which is usually a tax-deductible expense for the borrower. Equity on the other hand is associated with dividends, which are not deductible for [...]

Cyprus Notional Interest Deduction2020-06-29T18:42:53+00:00
17 02, 2020

Cyprus Tax Resident Certificate

2020-04-17T10:53:08+00:00

Cyprus Tax Resident Certificate for individuals Introduction We set out below the main requirements and conditions that must be met for an individual to obtain a tax residency certificate from the Cypriot Tax Department. A tax resident certificate is usually requested by foreign tax authorities in order to apply the [...]

Cyprus Tax Resident Certificate2020-04-17T10:53:08+00:00
13 02, 2020

Case Study: Restructuring financing vehicle

2020-04-13T19:24:47+00:00

Restructuring financing vehicle Unwinding back to back loans The Issue We were approached by a foreign advisor in relation to a Cypriot financing structure created a number of years ago. The structure included a BVI entity, Cypriot holding and financing companies and underlying [...]

Case Study: Restructuring financing vehicle2020-04-13T19:24:47+00:00
3 02, 2020

Cyprus – Kazakhstan Double Tax Treaty

2020-04-15T19:54:52+00:00

Cyprus - Kazakhstan Double Tax Treaty enters into force On 30 December 2019, the President of Kazakhstan signed into Law the Cyprus - Kazakhstan Double Tax Treaty following its ratification by the Kazakh Parliament. The Treaty was previously ratified by Cyprus on 24 May 2019. On 17 January 2020 Cyprus and [...]

Cyprus – Kazakhstan Double Tax Treaty2020-04-15T19:54:52+00:00
3 11, 2019

Protocol to the Cyprus-Ukraine Double Tax Treaty

2019-11-03T14:13:47+00:00

Ratification of Protocol to the Cyprus - Ukraine Double Tax Treaty On 30 October 2019, the Ukrainian parliament enacted and ratified the protocol signed on 11 December 2015 to the Cyprus - Ukraine Double Tax Treaty.  As the protocol was previously ratified by Cyprus, the amending protocol is now in force and [...]

Protocol to the Cyprus-Ukraine Double Tax Treaty2019-11-03T14:13:47+00:00
3 11, 2019

Administrative penalties for late filings to the Registrar of Companies

2020-04-17T14:46:27+00:00

Administrative penalties for late filings to the Registrar of Companies New Administrative Fines As from 18 December 2019, the Registrar of Companies will impose administrative fines for late filing of the below notifications to the Registrar of Companies: Late filing of the annual return. The [...]

Administrative penalties for late filings to the Registrar of Companies2020-04-17T14:46:27+00:00

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