Updates


March
2019

Cyprus in the new International Tax Reality, interview by Marios Cosma, Managing Partner of K. Treppides & Co Ltd. 

March
2019

The European Banking Authority ("EBA") published its final Guidelines specifying how institutions should quantify the estimation of loss given default ("LGD") for conditions of an economic downturn.

March
2019

K. Treppides & Co Ltd is organizing a half-day training with subject "International Corporate and Tax Updates" on Thursday, 21 March 2019 from 14:30- 18:00, at Ararat Park Hyatt in Moscow.

March
2019

The Financial Conduct Authority ("FCA"), has published near-final rules and guidance that will apply in the event the UK leaves the EU without an implementation period.

February
2019

The Importance of Risk Management in the Current Business Environment by Savvas Rigas, Partner of K. Treppides & Co Ltd.

February
2019

The Financial Conduct Authority ("FCA") has announced the appointment of Wanda Goldwag as the new chair of the independent Financial Services Consumer Panel.

February
2019

Domestically, the Bank co-operates with both the Financial Conduct Authority ("FCA") and Payment Systems Regulator ("PSR") in relation to supervising financial market infrastructure ("FMI") and payment systems respectively. 

February
2019

On 5 December 2017, the Council of European Union adopted several changes regarding the place of supply rules for telecommunications, broadcasting and electronically supplied services as well as to the Mini One Stop Shop (MOSS) scheme which can be used to declare and pay VAT in a Member State on supplies of these services to non-taxable persons.

February
2019

The European Banking Authority ("EBA") welcomed the National Bank of Moldova as an additional signatory party to the Memorandum of Cooperation ("MOC") with banking supervisory authorities in several South-Eastern European ("SEE") countries.

February
2019

The European Banking Authority ("EBA") updated the 2018 list of closely correlated currencies that was originally published in December 2013.

January
2019

The secret for a successful business reorganization by Linos Zambas, Senior Manager of K. Treppides & Co Ltd. 

January
2019

We would like to inform you that the Tax Department of the Ministry of Finance, has posted on their website an Information Leaflet on Benefits in Kind providing guidance on benefits in kind, when do they arise, how the benefit is calculated and what are the obligations of employers and employees in respect of such benefits. You can find an unofficial English translation in our website.

February
2019

We would like to bring to your attention that as from 1 January 2019 suppliers of E-services established outside the Russian Federation (“foreign service providers”), that offer such services to persons in business (B2B) located in Russia will have an obligation to register for and collect VAT on the value of the services provided and pay the VAT on those services to the Federal Tax Service.  

January
2019

The euro area bank lending survey ("BLS") provides information on bank lending conditions in the euro area.

January
2019

The European Banking Authority ("EBA") published its final Guidelines regarding the types of exposures to be associated with high risk under the Capital Requirements Regulation ("CRR").

January
2019

"Personal Income Tax: Benefits in Kind and the New National Health Scheme" External training presented by Savvia Stavrou, Tax Director of K. Treppides & Co Ltd. 

January
2019

The Financial Conduct Authority ("FCA"), has published two further consultations to prepare for the UK's exit from the EU.

January
2019

The Cyprus Securities and Exchange Commission ("the CySEC") published the review in accordance with the quality of data reported to Trade Repositories, under Article 9(1) of EMIR by Cyprus Investment Firms ("CIFs'). 

January
2019

We would like to inform you that as per the Decree No. 376/2018 published on the official Gazette of the Republic, the public interest rate imposed on any overdue or refundable taxes has been decreased from 3.5% per annum to 2% per annum.

December
2018

The European Banking Authority ("EBA") published a response to a letter it had received from a law firm regarding the case of a reclassification by an institution of some specific grandfathered own funds instruments.

December
2018

The European Banking Authority ("EBA") published some initial observations on the post-implementation impact of IFRS 9 on EU banks.

December
2018

Treppides Group presence in Malta grants exceptional expertise in Blockchain Technology by Cosmas Cosma, Principal.

December
2018

Savvas Rigas, Partner of K. Treppides & Co, presented the Cypriot Payment Institutions and Electronic Money Institutions.

December
2018

The European Insurance and Occupational Pensions Authority ("EIOPA") published the report on the Evaluation of the Structure of Insurance Intermediaries Markets in Europe in accordance with Article 41(5) of the Insurance Distribution Directive ("IDD").

December
2018

CBC introduce sharpers rules against the so-called “Shell and Letterbox Companies" by Andreas Vladimirou, Senior Manager.

 
December
2018

The European Securities Markets and Authority is launching the process to renew the Consultative Working Group ("CWG") of the Financial Innovation Standing Committee ("FISC").

December
2018

The Financial Conduct Authority ("FCA") publishes its EU Withdrawal Impact Assessment. 

November
2018

The European Securities and Markets Authority ("ESMA") is publishing this Public Statement to address the risks of a no-deal Brexit scenario in the area of central clearing.

November
2018

The 4th International Fund Summit was organized by CIFA and took place from the 11 November until the 13 November 2018 at Hilton Park Nicosia.

November
2018

Auditing and Renewable Sources of Energy in Cyprus by Helen Papatheocharous, Director.

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