Cyprus Tax Facts 2018

Deloitte’s annual Cyprus Tax Facts, is part of our firm’s continuous endeavour to provide complete, valid and updated information to taxpayers.

An individual who is tax resident in the Republic of Cyprus (the Republic), is taxed on income accruing or arising from sources both within and outside the Republic.

An individual who is not tax resident in the Republic, is taxed on income accruing or arising only from sources within the Republic.
Tax residency
An individual who spends […]

By |January 12th, 2018|

United States: Compromise Tax Reform Bill

After the House and Senate passed different versions of a comprehensive tax reform bill, a conference committee convened and released on Friday a compromise version of comprehensive tax reform, the “Tax Cuts and Jobs Act” (H.R. 1).  The House and Senate are expected to vote to approve the conference committee’s version of the bill, and President Trump is expected to sign it by the end of this week. Highlights of the 503-page bill include:

Business […]

By |January 10th, 2018|

Doing Business In The UAE – New VAT Rules For 2018

As part of an on-going programme to re-balance the economy away from oil revenues and enhance the UAE’s business environment, a new 5% VAT regime came into effect on January 1, 2018.

The new standard rate is 5%, with some supplies exempt or zero-rated. There is an off-setting, or recovery mechanism, as is usual with VAT regimes, and the tax will in principle apply on the supply of all products and services except any specifically […]

By |January 8th, 2018|