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
Jermaine Case
Jermaine Case
  • Jermaine Case

  • Associate
  • British Virgin Islands
Chiara Deceglie
Chiara Deceglie
  • Chiara Deceglie

  • Partner
  • Luxembourg
Massimiliano della Zonca
Massimiliano della Zonca
  • Massimiliano della Zonca

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

  • Partner
  • British Virgin Islands
Ayana Hull
Ayana Hull
  • Ayana Hull

  • Counsel
  • British Virgin Islands
Katerina Katsiami
Katerina Katsiami
  • Katerina Katsiami

  • Associate
  • Cyprus
Petros Kiteos
Petros Kiteos
  • Petros Kiteos

  • Associate
  • Cyprus
Andrew Knight
Andrew Knight
  • Andrew Knight

  • Partner
  • Luxembourg
Evi Koutsioumpa
Evi Koutsioumpa
  • Evi Koutsioumpa

  • Associate
  • Luxembourg
Joshua Mangeot
Joshua Mangeot
  • Joshua Mangeot

  • Counsel
  • British Virgin Islands
Mirza Manraj
Mirza Manraj
  • Mirza Manraj

  • Counsel
  • Hong Kong
Elina Mantrali
Mirza Manraj
  • Elina Mantrali

  • Associate
  • Cyprus
Vanessa Molloy
Vanessa Molloy
  • Vanessa Molloy

  • Partner
  • Luxembourg
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

Guidance on Intellectual Property Box Taxation in Cyprus

Our Cyprus Team has authored a legal guide on the Intellectual Property (IP) Box Taxation regime in Cyprus, providing a guideline on the tax benefits IP Holding Companies can have in Cyprus. The IP can be one of the most valuable assets of your organisation; therefore choosing the appropriate location for structuring the exploitation of IP assets is vital for an organisation to achieve efficient business development, effective IP protection and maximisation of tax savings.

Emily Yiolitis
Tax

DAC 6 in Cyprus

We are happy to announce that Aki Corsoni-Husain and Andrew Knight authored an article on DAC 6 in Cyprus, which was published in Bloomberg Tax on 17 January 2020, providing detailed and valuable information on the new EU Directive to all interested parties.

Aki Corsoni-Husain, Andrew Knight

ATAD 2 and expiry of tax rulings issued prior to 2015 passed by the Luxembourg Parliament

On 19 December 2019, the Luxembourg Parliament passed the law implementing the EU Directive 2017/952 of 29 May 2017 amending Directive (EU) 2016/1164 relating to hybrid mismatches with third countries (ATAD 2). ATAD 2 which modifies and replaces article 168ter of the Luxembourg Income Tax Law, largely follows the text of the EU Directive and covers hybrid financial instrument mismatches, hybrid entity or permanent establishment mismatches hybrid financial instruments mismatches, hybrid transfers, imported mismatches and tax residency mismatches. The provisions of ATAD 2 will apply as from 1 January 2020 except for the provisions relating to reverse hybrids which will apply as from 1 January 2022.

Andrew Knight, Evi Koutsioumpa
Tax

Cyprus: Public consultation on DAC6

The Cypriot tax authorities have launched a public consultation on draft legislation to implement EU Directive 2018/822 on mandatory automatic exchange of information in the field of taxation in relation to reportable cross-border arrangements (DAC6) into local legislation.

Aki Corsoni-Husain, Elina Mantrali,
Petros Kiteos

Luxembourg 2020 budget bill: tax rulings issued before 2015 expire

On 14 October 2019, the 2020 Luxembourg Government published its parliamentary bill for its 2020 budget. Amongst the various proposals was one to the effect that tax rulings issued by the Luxembourg tax authorities before 1 January 2015, will no longer be valid after the end of the current tax year 2019. The only valid rulings remaining will be the ones issued under the formal process enacted in 2015 and which are valid for 5 years.

Andrew Knight, Evi Koutsioumpa
Tax