Revenue has adopted a more formal approach to enforcement of the reporting required under new Enhanced Reporting Requirement (ERR) legislation. Employers are now receiving Level 1 compliance intervention letters where ERR filings are missing, late or incomplete, and Revenue is using data analytics to cross-check submissions against payroll, VAT and corporation tax records. If you…
Cyprus – Two important transfer pricing developments effective from tax year 2026
In the past thirty years, food supply chains were designed around efficiency and cost benefit. In effect, Production moved to the lowest-cost locations and processing became concentrated. In the last 30 years, distribution networks stretched across continents with the prevailing assumption that lower cost always meant greater competitiveness. Does that still hold relevant today? In…
Boards tend to think of governance in terms of committees, policies and reporting lines. In practice, much of it is decided far lower down, in how a transaction is documented, how a balance is reconciled and how a tax position is supported. The accounting and tax function is where governance either holds up or quietly…
Emeritus Professor Joe Nellis is Head of Economic Research at MHA, the accountancy and advisory firm. Eurozone inflation has jumped to its highest rate in three years, reaching 3.8% in September and taking it further above the European Central Bank’s official 2% target. Inflation has doubled in just 8 months, from 1.7% in January to…
In 2024, Forbes reported that video games are developing future leaders. The article cited countless hours spent in virtual worlds as ‘shaping a new generation of leaders who navigate complex business challenges with the same strategic precision they once used to conquer digital realms’ – a generational change revolutionising how businesses approach decision-making. With these…
Back in the spring, Cyprus’ tourism industry faced a difficult and uncertain outlook. The sharp decline in arrivals during March and April raised concerns across the sector and forced many businesses to revisit their forecasts and contingency plans. Fast forward a few months and the picture is much more encouraging. According to the latest CYSTAT…
With the provisions introduced by Law 5313/2026, Greece aims to become an attractive destination for the establishment and management of Alternative Investment Funds (AIFs). In detail, the favorable tax regime already applicable to income derived from the participation of individuals, members of the Manager’s team, in the carried interest of Venture Capital Mutual Funds (AKES),…
This article was co written by Mark Lumsdon Taylor and Sabrina Freitas. We should not be surprised. Every stunted potato in a field, and every brown, scorched pasture across the wider UK countryside is not an ‘Eclipse’ moment or event. It is the simple and inevitable arithmetic of a planet that has just lived through…
