Many argue that the European Union (EU) is shifting its environmental policy focus from biodiversity protection to prioritizing climate change mitigation. Considering the EU’s use of legal instruments, including the Renewable Energy Directive (RED III) and the Nature Restoration Law, efforts are underway to streamline the renewable energy transition, sometimes at the expense of environmental…
“Think due diligence guarantees a risk-free deal? Or that it is simply about crunching numbers? Think again – there is much more at stake.” Due diligence reduces risks by providing insights but does not guarantee a risk-free deal. It goes beyond numbers by analyzing trends, assessing the sustainability of revenue, understanding working capital needs and…
Extension-to-the-submission-of-the-Income-Tax-Return-for-2023
On 26th of February 2025, the Economics Research Center of the University of Cyprus, presented its proposal regarding the envisaged tax reform. Explore key proposed amendments and changes in our latest tax flash. CY-Alert-Cyprus-Tax-Reform-proposed-amendments
A double materiality assessment (DMA) is the cornerstone for determining a company’s ESG strategy and it is one of the main requirements of the Corporate Sustainability Reporting Directive (CSRD). Explore the process of conducting a DMA step-by-step in this practical playbook. DMA-playbook-ENG
Baker Tilly Cyprus Tax Guide 2025 At Baker Tilly Cyprus, we understand the importance of staying informed about the ever-evolving tax landscape. Our tax professionals put together a comprehensive tax guide designed to provide you with invaluable insights into the tax system in Cyprus. Tax-Guide-2025-Final-Version-03.01.2025
We would like to remind you of the deemed dividend distribution (DDD) provisions of the Special Contribution for the Defence Law that relate to the tax year 2022. CY-Alert-Issue-6_2024-Deemed-Dividend-Distribution-for-the-tax-year-2022
VAT rules for certain ‘virtual services’ in the EU are about to change. This will affect services such as live-streamed cultural events and paid webcam sessions, for example. The new rules to determine the place of supply take effect as of 1 January 2025. Our Baker Tilly International network partners in the Netherlands explain exactly…