As we are approaching the end of the calendar (and tax) year, we have had quite a few requests and questions on Cyprus’ in-famous 60-day rule. This combined with the applicable ‘Non-Dom’ regime has proven extremely popular with location-independent entrepreneurs and business people. What does it mean to be a Cyprus Non-Domiciled Tax Resident? Individuals […]
60-day Rule & Non-Domicile Read More »
In February 2022 the House of Representatives amended the Central Agency for the Equitable Distribution of Burdens (Recommendation, Purposes, Responsibilities and Other Related Issues) Law of 1989 (Law 141/1989) (the “Law”), introducing a levy of 0.4% on the selling price of immovable property in Cyprus. The same levy is imposed on the sale of shares
Equitable Distribution of Burdens: 0.4% on the sale of immovable property Read More »
Individuals wishing to move to Cyprus and become Cyprus tax residents have the opportunity to enjoy, for at least 17 years, a full exemption from withholding tax on worldwide dividend and interest income. Tax Residency for Individuals in Cyprus As per applicable tax rules, an individual who remains in Cyprus for more than 183 days
Moving to Cyprus? Tax Residency withholding Tax Exemption Read More »
The German Federal Ministry of Finance has recently published a draft bill implementing the Anti-Tax Avoidance Directive (ATAD) into German law (source: Mondaq, https://www.mondaq.com/germany/tax-authorities/884466/drastic-tightening-of-exit-tax-planned-draft-of-atad-implementation-act). Under the current regime, a German resident taxpayer is subject to exit tax in case he moves to a non EU/EEA country. However, if he moves to a EU/EEA country and
New Exit Tax Rules in Germany: Implementation of the Anti-Tax Avoidance Directive Read More »
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