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Coronavirus: Legal Implications and How Your Business Could be Affected
Dr. K. Chrysostomides & Co LLC, March 2020

The coronavirus outbreak, and its current exponential spreading, is significantly impacting companies worldwide, with disruption occurring at almost all levels, from the workforce to the supply chain...

Commission Approves Maritime Transport Support Schemes in Cyprus
Dr. K. Chrysostomides & Co LLC, December 2019

 On 16 December 2019, the European Commission approved under EU State aid rules, five schemes to support maritime transport in Cyprus, Denmark, Estonia, Poland and Sweden. As far as Cyprus is concerned, the Commission approved the prolongation of a tonnage tax and seafarer scheme in Cyprus. The Commission found that the schemes comply with the rules limiting tonnage taxation to eligible activities and vessel...

Tax Update - DAC 6: Mandatory Reporting of Cross-Border Arrangements
Dr. K. Chrysostomides & Co LLC, December 2019

  The EU is introducing an additional level of transparency in order to enhance the means tax authorities can use to detect potentially aggressive tax arrangements. In this light, EU Directive 2018/822/EU (hereinafter the “DAC 6”) imposes mandatory reporting of cross-border arrangements, affecting at least one EU Member State, that fall within one of a number of “hallmarks”...

Shipping Finance - What's Next
Dr. K. Chrysostomides & Co LLC, July 2019

 Financing in the shipping industry has changed and will continue to change in the following years. The new IMO 2020 Regulations on low sulphur fuel and the IMO strategy on greenhouse gas emissions (GHG emissions) put more pressure on the shipping industry in the aftermath of the worldwide financial crisis. The need for the development of new financial structures in the shipping industry was therefore profound...

Dr. K. Chrysostomides & Co LLC Leads Important Collective Action Before the Court of the European Union Against the Eurogroup, the European Central Bank and the European Commission
Dr. K. Chrysostomides & Co LLC, August 2014

Dr. K...

Cyprus - Switzerland Double Tax Treaty
Dr. K. Chrysostomides & Co LLC, August 2014

On 25 July 2014, Cyprus signed and ratified an Agreement for the avoidance of double taxation with the Swiss Confederation, with respect to Taxes on Income and on Capital, as well as the relevant Protocol. The Agreement will contribute to the further development of trade and economic relations between Cyprus and the Swiss Confederation, as well as other countries...

 

 

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