CYPRUS: VAT rules for insurance and finance companies

11 October 2012 —
New regulations establish the value added tax (VAT) rules for transactions involving the possession, repossession, and resupply of goods by insurance and finance companies.

The new measures concern:

  •     Transactions that are not to be considered as supplies of goods or services
  •     Use of second-hand margin plan
  •     Gifts of goods by taxable persons which are acquired either for consideration or without consideration

Read the full story on www.kpmg.com.

CYPRUS: VAT rules for insurance and finance companies
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