
CYPRUS: Cyprus delays 15% tax on multinationals
Cyprus has yet to enforce the new EU rules introducing a minimum effective tax rate of 15% for multinational corporations operating within EU member-states. Alongside nine other countries, Cyprus was
Nigeria’s tax handling agency, Federal Inland Revenue Service (FIRS), filed a tax evasion case against Binance Holdings Limited earlier this year. The case, set for a Federal High Court in Abuja, was adjourned after executive Tigran Gambaryan failed to appear in court.
Gambaryan and Nadeem Anjarwalla, who fled the country in March, face a 4-count charge of tax evasion following accusations they didn’t register with the FIRS to pay relevant taxes. The agency claims that Binance offered taxable services to subscribers without issuing invoices to determine their VAT payments.
Gambaryan’s counsel, Chukwuka Ikwuazo (SAN), explained that his client’s absence was due to his incarceration with the Correctional Service, which rejected the request to present him to the court. The court adjourned the case to June 14 for arraignment.
Cyprus has yet to enforce the new EU rules introducing a minimum effective tax rate of 15% for multinational corporations operating within EU member-states. Alongside nine other countries, Cyprus was
With applications surging at an average growth rate of 14.3% between 2013 and 2023, Antigua & Barbuda’s Citizenship by Investment program (CIP) is slated to see a significant increase in application
Press Release from Carey Olsen, Thursday 19 November, 2024. Carey Olsen and Alter Domus have advised Geneva-based healthcare and sustainability investment firm Gyrus Capital (“Gyrus”)
New measures to tackle money laundering, tax evasion and terrorist financing are likely to come into effect in early 2026. The Swiss Federal Council has adopted a series of measures to be submitted