the establishment of a UBO Register for companies in Cyprus as an important tool for strengthening transparency, prevention and combating the use of companies and other legal entities for money laundering and terrorist financing activities, in harmonisation with the provisions of European Union (EU) law.
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The Amending Law to the Assessment and Collection of Taxes Law introduced an obligation on all taxpayers to submit a personal income tax return, irrespective of their income. In addition, the Amending Law affords the Council of Ministers with the power to issue a Decree stating the criteria on which individuals with a gross income below €19,500 may be exempted from the obligation to submit a personal income tax return.
The European Commission and the EU Intellectual Property Office (EU IPO) have recently announced the implementation of the Ideas Powered for Business SME Fund, a €20million grant scheme created to encourage European small and medium sized enterprises (SME) to ...