CYPRUS TAX DEPARTMENT: APPLICATION OF ARTICLE 33 OF LAW 187 (I)/2015
Circular 2016/15, issued on 24 November 2016, by the Cyprus Tax Department, defines the application of Article 33 of the Income Tax Law (118(I)/2002), as amended in 2015 (187(I)/2015). Article 33 enables the tax authorities to adjust and regulate transactions between related parties on terms which, according to the authorities, differ from those which would apply to similar transactions...
CYPRUS TAX DEPARTMENT: APPLICATION OF ARTICLE 33 OF LAW 187 (I)/2015
Circular 2016/15, issued on 24 November 2016, by the Cyprus Tax Department, defines the application of Article 33 of the Income Tax Law (118(I)/2002), as amended in 2015 (187(I)/2015). Article 33 enables the tax authorities to adjust and regulate transactions between related parties on terms which, according to the authorities, differ from those which would apply to similar transactions...
CYPRUS TAX DEPARTMENT: APPLICATION OF ARTICLE 33 OF LAW 187 (I)/2015
Circular 2016/15, issued on 24 November 2016, by the Cyprus Tax Department, defines the application of Article 33 of the Income Tax Law (118(I)/2002), as amended in 2015 (187(I)/2015). Article 33 enables the tax authorities to adjust and regulate transactions between related parties on terms which, according to the authorities, differ from those which would apply to similar transactions...
BANC DE BINARY SCANDAL: 8 OUT OF 10 CLIENTS LOST THEIR LIFETIME SAVINGS IN 5 MONTHS
Banc de Binary, one of the biggest global providers of online trading in binary options renounced its authorisation. Furthermore, the company was a sponsor of the football club Liverpool FC. The company provided its services via the domain eu.bancdebinary.com. The clients could create an online account and trade binary options online.
The Israeli-owned and Cyprus registered company is accused...