The Cyprus Tax Authorities issued on 9 January 2018 a circular concerning the VAT treatment of holding companies. The main provisions of the circular are summarised below. How are holding companies considered for VAT purposes? Merely holding shares (or similar…

A Double Tax Treaty (DTT) was signed on 3 January 2018 between Cyprus and Saudi Arabia. The particulars of the DTT have become available in the meantime, the most important points of which are presented below in summary. Application The…