Updates


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.

November
2018

The European Securities and Markets Authority ("ESMA") has published its first annual report.

November
2018

We would like to bring to your attention that the second installment of temporary tax for the year 2018 is due by 31 December 2018.

November
2018

The Financial Conduct Authority ("FCA") has issued final guidance that clarifies its expectations about the handling of certain regular premium payment protection insurance ("PPI") complaints.

November
2018

Brexit – Deal or No Deal? by Costas Loizou, Principal.

October
2018

Mandatory disclosure rules: the calm before the storm by Marilena Nicolaou, Principal.

May
2018

Strong Growth Prospects Continue to Attract International Investment. 

May
2018

George P Nicolaou to offer insight on viable solutions for EU fund structuring and distribution

Copyright © 2025 K.Treppides & Co Ltd
Handcrafted Design and Development by Bevisible