Its surprising how many people do not actually know what credit reports are and how they work. They are actually fundamental pieces of information that every single person will need at some point in their lives. Credit reports are information requested by a lender of any capacity to determine how competent you are at repaying borrowed money. Therefore any business be it a mortgage, car loan or even a mobile phone company wants some sort of profile of your spending habits and ability to repay a loan before agreeing to supply you with their product or service, after all they want to know that they are going to get their money back from you in the future. Therefore this piece of information is very important and it is advisable to familiarise yourself with your credit report and make any necessary changes. Continue reading How Credit Reports Work
Whenever we get involved in some kind of difficulties, we try to make ourselves out of this. However,every time it is not possible for us to take the right decision or do the needful all by our own selves and outside help become must. In case of medical debt the situation becomes similar. We need professional
help to obtain a finest support in the zone of medical debt consolidation. However, many people think that they don’t need any kind of help from the debt settlement companies and can fight alone with their debt related issues. But they are wrong; they need help from a professional. In this article you will getthe answer why.
Continue reading Medical Debt Consolidation – Why Professional Help Is Required?
The latest Cyprus Tax Legislation that came into result on 1 January 2003 has been completely ratified by the EU.
The core principles of the new Cyprus tax legislation are:
- The taxation of companies is based on tax residency. Companies will be considered resident in Cyprus and taxed in Cyprus if they are managed and controlled in Cyprus
- The business tax rate is 10%
- Participation exemption for dividends received from other companies
- No withholding tax on dividends, interest and royalties payable to non-residents
- Tax liability is based either on residence or on Cyprus source income only for non-residents
- Incorporation of the Company per se is no longer a criterion establishing residence in Cyprus
- The term “resident” has been added to the vocabulary of relevant terms under the new taxation. For business entities, as mentioned above, the criteria are administration and management Continue reading All about Cyprus Tax – Corporate Tax in Cyprus