Digital nomads, international remote working and tax implications (Part II)

In the previous part, we briefly touched upon the type of tax issues that digital nomads (and/or their employers) might encounter. In this part, we review the legal position in Cyprus. We also review how some jurisdictions have dealt with some of the tax implications affecting international remote workers for non-resident companies and whether they gave rise to a permanent establishment.

Digital nomads, international remote working and tax implications

Digital nomad arrangements are becoming very popular. Although there is no single definition of a digital nomad, the concept tends to encompass remote workers who regularly travel while working. These could be employees or self-employed people who use digital telecommunications technology to carry out their work. Traditionally, digital nomads were mostly self-employed people but since the start of the COVID-19 pandemic, the number of digital nomads who are employees has increased exponentially.

New EU Directive on improving the gender balance among directors of listed companies and related measures (EU 2022/238): Women on Boards of Listed Companies

Cyprus enhanced its position in gender equality (there has been an increase in women actively involved in politics), having of course considerable room for improvement while laying solid foundations at a socio-political level. A National Action Plan on Gender Equality 2019 – 2023 has been adopted setting various measures aiming the promotion of equal participation in decision-making.

Navigating EU sanctions – overview and predictions for 2023

As the EU sanctions continue to develop and expand, this recent article contributed by our associate Nicolas Makrides presents an overview of the existing regime in place and provides perspectives for some of the future challenges that different stakeholders may be facing up ahead.

The Evolving Cyprus Corporate Tax Landscape

Cyprus has long enjoyed a relatively stable fiscal environment, especially as far as the corporate tax regime is concerned. Changes to the tax code have traditionally been scarce and far between. Changes are however afoot mostly as a result of international developments. In this newsletter, we examine some of the recent changes and also discuss what possibly lies ahead.