Succession planning in Cyprus was always a hot topic, especially in recent years. It was always a critical concern in Cyprus mainly due to the island’s strong culture of family-owned businesses and closely held corporate structures. As we transitioned into the next phase, the implementation process became both increasingly engaging and more challenging. The traditional…
Public Country-by-Country Reporting (CbCR) is an EU-led initiative designed to increase tax transparency by requiring multinational enterprise (MNE) groups to publicly disclose key financial and tax-related information on a country-by-country basis. Who Does It Apply To? Under EU Directive 2021/2101, the public CbCR rules generally apply to MNE groups with consolidated global revenues exceeding €750 million…
The obligation to file a “Public Report on Income Tax Information” by Greek subsidiaries and branches of ultimate parent companies established in third countries was introduced into Greek legislation by Law 5066/2023 (amending Law 4548/2018), transposing Directive 2013/34/EU (as amended by Directive 2021/2101/EU). Specifically, with the introduction of Articles 157A – 157H and 180A into…
Emeritus Professor Joe Nellis is economic adviser at MHA, the accountancy and advisory firm. The latest Eurozone figures tell a worrying story: modest growth, rising inflation and a fresh energy shock that could derail an already fragile recovery. The Eurozone economy expanded by only 0.1% in the first quarter of 2026. While that keeps the…
Emeritus Professor Joe Nellis is economic adviser at MHA, the accountancy and advisory firm. The European Central Bank has held the deposit rate at 2%, a decision that reflects the shifting, and increasingly uncomfortable, inflation picture. Further interest rates were already unlikely before escalation of conflict in the Middle East, with the ECB reaching the…
