Regulatory

Blog

Regulatory

The Regulatory Blog is an informal and up to date news and information service of key regulatory developments in our jurisdictions: the BVI, the Cayman Islands, Cyprus and Luxembourg. We intend to include the latest financial services, anti-money laundering, sanctions and related developments within our remit.

Contributors

Aki Corsoni-Husain
Aki Corsoni-Husain
  • Aki Corsoni-Husain

  • Partner
  • Cyprus
George Apostolou
George Apostolou
  • George Apostolou

  • Partner
  • Cyprus
Massimiliano della Zonca
Massimiliano della Zonca
  • Massimiliano della Zonca

  • Senior Associate
  • Luxembourg
Philip Graham
Philip Graham
  • Philip Graham

  • Partner
  • British Virgin Islands
Katerina Katsiami
Katerina Katsiami
  • Katerina Katsiami

  • Associate
  • Cyprus
Andrew Knight
Andrew Knight
  • Andrew Knight

  • Partner
  • Luxembourg
Evi Koutsioumpa
Evi Koutsioumpa
  • Evi Koutsioumpa

  • Associate
  • Luxembourg
Vanessa Molloy
Vanessa Molloy
  • Vanessa Molloy

  • Partner
  • Luxembourg
Mirza Manraj
Mirza Manraj
  • Mirza Manraj

  • Counsel
  • Hong Kong
Andrea Moundi Savvides
Andrea Moundi Savvides
  • Andrea Moundi Savvides

  • Associate
  • Cyprus
Marina Stavrou
Marina Stavrou
  • Marina Stavrou

  • Associate
  • Cyprus
Matt Taber
Matt Taber
  • Matt Taber

  • Partner
  • Cayman Islands
Carolynn Vivian
Carolynn Vivian
  • Carolynn Vivian

  • Senior Associate
  • Cayman Islands

Cyprus transposes the EU Anti-Tax Avoidance Directive (ATAD)

On 25 April, the Income Tax (Amendment) Law (No.3) of 2019 was published in the Official Gazette of the Republic of Cyprus. The amendments adopt in the tax laws provisions implementing Council Directive (EU) 2016/1164 of 12 July 2016 laying down rules against tax avoidance practices which have a direct impact on the functioning of the internal market.

Aki Corsoni-Husain, Emily Yiolitis
Tax

Luxembourg applies scrutiny to entities resident in the EU’s blacklist of tax havens

For purposes of compliance with the BEPS project, last year Luxembourg issued Circular LG - A no.64 under which the Luxembourg tax authorities introduced disclosure requirements for transactions between Luxembourg resident entities and related entities resident in a country included in the EU’s blacklist of tax havens. The requirements apply for the first time to the 2018 tax year and, as tax returns for that period will be in the course of preparation, it is worth reminding readers of the impact of the Circular. It seems that Luxembourg may have taken the lead on this particular initiative.

Andrew Knight, Evi Koutsioumpa