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T&L D-briefs
T&L D-briefs is a bi-monthly T&L update, taking the form of a series of webcasts, articles and other sources, all bundled together in a newsletter!
T&L D-briefs January
A global minimum tax is underway for large multinationals
Following the political agreement reached at OECD and EU level to introduce a minimum tax rate of 15% to groups with consolidated revenue over €750 million, our Director Stella Koustai briefly explains the provisions of the upcoming EU rules and the reasons why affected businesses should act now.
Agenda
- European Commission (EC) Initiative for a Directive
on Business in Europe: Framework for Income
Taxation (BEFIT)
In late 2022, the EC launched a consultation to assess the public’s views for an EU Directive, aiming to introduce a common set of rules for EU companies to calculate their taxable base, while ensuring an effective allocation of profits between EU counties, based on a formulaic approach.
Click here to read the letter prepared by ICPAC and sent to the EC in the ambit of the public consultation for BEFIT.
Deloitte articles
In cases where the tax implications of a transaction are uncertain, obtaining a tax ruling is one of the most reliable ways to obtain certainty.
Read our article to obtain a better understanding of the procedure involved, the administration fees, as well as the obligation to exchange cross-border rulings between EU member states.
The above-mentioned Law regulates the way salaries are paid and protects the employees from any salary deductions.
A recent amendment of the Law provides details on how the salaries should be paid, the information that a payslip needs to include, as well as the criminal responsibility of a natural person in case of a breach of law by a legal person.
Our article provides all the relevant details.
Contact Us
For general queries and comments on Tax Webcasts, please send an email to cyprusTLdbriefs@deloitte.com.