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<h1 class="entry-title">Category: News</h1>
12 Jan
Cyprus is the best destination for cinema Advocate Cyprus CYWORLD WEALTH

Cyprus is the best destination for cinema

Cyprus is the best destination for cinema Choosing Cyprus as your next filming location offers many opportunities and a comprehensive package of benefits. For cinema, Cyprus offers grants and tax incentives in the form of cash rebates, tax credits, tax deductions for investments in infrastructure and equipment, and VAT refunds on expenses. The main characteristics […]

12 Dec
Company in Madeira CYWORLD WEALTH Advocate Cyprus

Company in Madeira

Company in Madeira Madeira offers a very attractive package of business benefits: Low taxation. Modern infrastructure. Effective local support services. Low running costs. Safety and quality of life. In addition, Madeira is fully integrated into the legal systems of Portugal and the EU, providing businesses with complete reliability, transparency and stability. Madeira companies are also […]

05 Dec
EU Tax Policy Priorities for Q4 CYWORLD WEALTH Advocate Cyprus

EU Tax Policy Priorities for Q4

EU Tax Policy Priorities for Q4 The European Commission’s work program for 2022 states that the EU will focus its tax policy priorities on the implementation of the global tax treaty on Pillars 1 and 2. The work program states that “The European Commission will now strive to demonstrate EU leadership in global tax equity. […]

23 Nov
EU wants to contribute to new withholding tax Directive CYWORLD WEALTH Advocate Cyprus

EU wants to contribute to new withholding tax Directive

EU wants to contribute to new withholding tax Directive On 28 September 2021, the European Commission began consultations on a proposed Directive that would oblige member states to introduce the same rules regarding withholding tax on dividends and interest payments. The directive will also include a system for information exchange and cooperation between tax authorities. […]

23 Nov
UK announces 2022 business tax breaks CYWORLD WEALTH Advocate Cyprus

UK announces 2022 business tax breaks

UK announces 2022 business tax breaks With the UK corporate tax rate set to rise 25 percent from April 2023, the UK government has announced various tax proposals aimed at supporting the UK business and economy in its recently released 2022 budget. Significant easing was announced in the area of ​​commercial property tax rates in […]

05 Nov
Why is it profitable to register a yacht in Cyprus CYWORLD WEALTH Advocate Cyprus

Why is it profitable to register a yacht in Cyprus

Why is it profitable to register a yacht in Cyprus Yacht registration in Cyprus offers a number of advantages. In this article, we will consider the main ones: No tax on profits from the operation or management of a yacht registered in Cyprus, or on dividends received from the company that owns the yacht. No […]

05 Nov
Dutch parliament approves deemed withholding tax on dividends CYWORlD WEALTH Advocate Cyprus

Dutch parliament approves deemed withholding tax on dividends

Dutch parliament approves deemed withholding tax on dividends The Dutch parliament approved the introduction of a notional withholding tax (25%) on dividends paid to low-tax jurisdictions on November 2, 2021, sources said. The deemed withholding tax will apply from 1 January 2024 on dividend payments in jurisdictions with a corporate tax rate below 9% and […]

05 Nov
DAC6: Cyprus Tax Department changes deadline for submission of documents Advocate Cyprus Cyworld Wealth

DAC6: Cyprus Tax Department changes deadline for submission of documents

DAC6: Cyprus Tax Department changes deadline for submission of documents The Tax Department of the Republic of Cyprus announced the extension of the period for imposing administrative penalties for late submission of information in accordance with EU Directive 2018/822 (“known as DAC6”). The revised DAC6 filing deadline has been set at 30 November 2021 for […]

05 Nov
Bearer shares CYWORLD WEALTH Advocate Cyprus

Bearer shares

Bearer shares As a form of ownership of shares in a company, a bearer share is, in general terms, an equity security that belongs to the holder of a physical share certificate. It is important to note here that the owner of this share does not indicate his name on the share certificate. Moreover, the […]

27 Oct
Isle of Man Adapts to G20 Global Tax Reforms Advocate Cyprus CYWORLD WEALTH

Isle of Man Adapts to G20 Global Tax Reforms

Isle of Man Adapts to G20 Global Tax Reforms The historic agreement, which was agreed by most of the world’s countries at the G20 summit on Friday, suggests that multinational companies will pay a fairer share of taxes. This will lead to the introduction of a corporate tax of at least 15% for large firms […]

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