Automatic Exchange of Financial Information: OECD’s CRS Now In Force – Cyprus

  Following Cyprus’ accession to OECD’s Common Reporting Standard on 29th October 2014, in an attempt to combat tax evasion and promote transparency, the practical implementation of automatic exchange of financial information is now a reality. Pursuant to the latest amendment to the Cyprus Collection of Taxes Law of 1978 as published in the Official…

read more


International Updates

I.M.F. expects members of Gulf Cooperation Council to introduce taxation to combat low oil prices In its latest report, the International Monetary Fund suggests that introduction of VAT across the countries of the Gulf Cooperation Council could raise GDP by a staggering 2%. It seems Gulf Monarchies are already taking steps to implement the suggestion…

read more


Cyprus Developments

Tax updates: Corporate taxation As the year comes to an end, the Cyprus Parliament in its last session before the holidays passed a string of tax updates attempting once again a balancing act between flexibility and tax transparency. Some of the most important provisions passed include the FOREX Neutralisation which targets the significant exchange volatility experienced…

read more


Client Choice Award for Corporate Tax in Cyprus 2015

              At a prestigious ceremony in London in February 2015, Client Choice in association with Lexology and International Law Office awarded law partners from firms across the globe whose outstanding performance helped make a difference to their clients’ business. The Client Choice awards stand out as the recipients are…

read more


Women in Business: Stella C. Koukounis

I graduated from Sheffield University in 2003 with LLB (Honours), I qualified as a Barrister of England and Wales (Lincoln’s Inn) in 2004, and was awarded an LLM (Honours) from University College London in Corporate and Commercial Law, in 2005. In 2010, I was awarded a Diploma on Short Story Writing by the London School of Journalism and on Creative Writing by the University of Oxford.

read more