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Corporate Tax

16 October 2020
Elena Christodoulou Protocol amending Cyprus-Russia double tax treaty ushers in new era

Cyprus - Elias Neocleous & Co LLC

Cyprus and Russia recently signed a protocol amending the double tax treaty (DTT) between the two states. Businesses in Cyprus that will be subject to the protocol are advised to review their corporate structures and assess what impact, if any, the DTT changes will have on their overall effective tax exposure.

Author: Elena Christodoulou
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Simona Zangrandi New step-up option on taxpayer assets introduced

Italy - Studio Legale e Tributario Biscozzi Nobili Piazza

Decree-Law 104/2020 recently introduced a new opportunity for Italian companies to step up the cost of tangible and intangible assets (real estate and other immovable properties which are built or for resale are excluded) and participation in controlled and associated companies included in financial statements as of 31 December 2019. Therefore, for taxpayers for which the fiscal year matches the calendar year, the revaluation option can be exercised for the fiscal year ending 31 December 2020.

Authors: Simona Zangrandi, Franco Pozzi
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Recent updates

Bradley Kruger Update on economic substance

Cayman Islands - Ogier

Author: Bradley Kruger
Anat Shavit Recent tax ruling provides for priority technological enterprise status for cloud services

Israel - Fischer Behar Chen Well Orion & Co

Authors: Anat Shavit, Jonathan Shtang
Stephen P Kranz New Jersey reconsiders financial transaction tax

USA - McDermott Will & Emery

Authors: Stephen P Kranz, Alysse McLoughlin, Kathleen M Quinn
Valery Narezhniy Russia revises double tax avoidance agreements with numerous countries

Russia - Gorodissky & Partners

Author: Valery Narezhniy
David Sleight Tax advisers beware – avoidance is the new evasion

United Kingdom - Kingsley Napley

Author: David Sleight
Elena Christodoulou Tax Department's new electronic Tax Gateway service imminent

Cyprus - Elias Neocleous & Co LLC

Author: Elena Christodoulou