T&L D-briefs January

Late last year, the EU Commission published the draft text for a new EU Directive, aiming to attack the mis-use of shell companies. 

Watch our partner, Michael Michaelides, briefly explaining the main provisions of the “un-shell initiative”.

*Read a detailed analysis of the provisions of the draft directive in our recent Tax Alert, here. 

Agenda

Global Minimum Tax developments

• The Model Rules for the domestic implementation of Pillar Two
• Proposal for a council directive on ensuring a global minimum level of taxation for multinational groups in the EU
  

Transfer Pricing

• The 2022 edition of the OECD Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations.

Local tax developments

• Latest material issued by the Cyprus Tax Department
  • Circular 57 – Treatment of financial statements accounts with closing date other than 31 December
  • FAQs with respect to Interpretative Circular 3 on intra-group back-to-back financing activities

Deloitte articles

• Cyprus, your home away from home

An insight to the components that make Cyprus an ideal location for businesses and entrepreneurs to set up their corporate base or enhance their existing business!

• Variable Capital Investment Companies

Read our short update on the new provisions of the Companies Law, which variable capital investment companies (VICICs) are obliged to comply with by 4 November 2022. 

• Tax treatment of rental income from Cyprus property

In this article, we outline the main tax and VAT considerations that a Cyprus tax resident individual should be aware of when renting out property in Cyprus. 

Contact Us

For general queries and comments on Tax Webcasts, please send an email to cyprusTLdbriefs@deloitte.com.