Also in the news...
Transfer of residence to the UK
Find out how to import your personal belongings, pets and private motor vehicles when moving or returning to the UK.
Norway's WTO Trade Policy Review: UK Statement
UK Statement at Norway’s World Trade Organization Trade Policy Review. Delivered by the UK's Permanent Ambassador to the WTO and UN, Simon Manley.
UK-Norway Iceland Liechtenstein free trade agreement
Business guidance, reports and other documents to help you understand the UK-Norway, Iceland, and Liechtenstein free trade agreement (FTA).
Essential Steps Before Launching an International Auction Business
Expanding a business internationally presents unique challenges, particularly when that business involves auctions. The global auction market continues to grow as more entrepreneurs see its potential for reaching new customers across borders. However, success in this specialised field requires careful planning and the right technological foundation.
Innovative Welsh exporter puts Britain at the forefront of global immunisation efforts
UK Export Finance supports renewable energy tech company Dulas to deliver life-saving vaccine refrigerators to over 80 countries worldwide.
Signing of FATCA agreement between the Republic of Cyprus and United States of America
On 2nd of December 2014, the Minister of Finance Mr Harris Georgiades on behalf of the Republic of Cyprus and the Ambassador of the United States in Nicosia, Mr John M.Koenig, have signed the Intergovernmental agreement (Model 1A Intergovernmental Agreement –“IGA”) to strengthen the international tax cooperation for the implementation of FATCA (Foreign Account Tax Compliance Act).
The competent authorities of the Republic of Cyprus and more specifically the Cyprus Department of Taxation will provide to the US Inland Revenue authorities any financial information in relation to bank accounts of US persons as defined in the agreement.
The signing of the agreement is an additional step for the Republic of Cyprus to progress in tax transparency and exchange of information.
Apparently, the completion of the agreement under reference will further promote Cyprus as a business center and boost the investment opportunities between the two countries and as well reinforce their business trade transactions.
The implementing legislation is expected to be enacted next month.
Article supplied by Eurofast