The Limitation of Actions Law Chapter 15 (the “Law”), used to set a maximum period of time that one had in order to take legal action for a particular breach of law. However, in the Republic of Cyprus due to the existing political situation since the invasion of Turkey in 1974 the Law was suspended...Read More

The Organisation for Economic Cooperation and Development (OECD) has introduced new global standards of exchange of tax information. The European Commission (EC) with its turn has implemented these new standards via Directive 2014/107/EU which introduces the mandatory rules knows as CRS allowing the tax authorities of the European Union (EU) Member States to exchange tax...Read More