General News
Meropi Kyriacou Honored as TNH Educator of the Year
NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.
NEW DELHI – India has given Cyprus two months to provide information on certain funds flowing from the island nation before deciding on whether to roll back suspension of tax benefits on investments made from there, according to a top Finance Ministry official.
“We have sought information on some investments made from Cyprus to India under the double taxation avoidance agreement and given them two months time,” the official said. Depending upon the information provided, the government “will take a decision on suspension of tax pact with Cyprus,” NDTV reported.
India and Cyprus had entered into a Double Taxation Avoidance Agreement (DTAA) in 1994. But in November this year, India classified the island nation as a notified jurisdictional area and suspended the tax benefits.
Following the notification, all payments made to Cyprus attracted a 30 percent withholding tax and Indian entities receiving money from there were required to disclose the source of funds.
India took the decision to withdraw tax benefits on grounds that Cyprus was not providing information requested by tax authorities under the taxation treaty.
“Cyprus was not cooperating till we classified them as notified jurisdiction. They came running. Now we have given them the long end of the rope. Let us wait and watch,” the official added.
Recently, Cyprus said that the Indian government has agreed to withdraw a notification that suspended tax benefits for investments from the island nation.
The withdrawal is subject to Cyprus, one of the main sources of foreign direct investment into India, adopting the global convention on exchange of tax information.
The Finance Ministry had classified the island nation as a notified jurisdictional area on grounds that Cyprus was not providing information requested by tax authorities under the taxation treaty.
NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.
DEIR AL-BALAH, Gaza (AP) — An international team of doctors visiting a hospital in central Gaza was prepared for the worst.
ATHENS - The tragedy of the Tempi train collision is a much greater issue than an opportunity for parties to table a motion of censure against the government, but the opposition parties used it anyway "to turn society's pain into a tool to strike at the government and me personally," Prime Minister Kyriakos Mitsotakis said on Thursday night in parliament.
ATHENS - PASOK-KINAL leader Nikos Androulakis, speaking at the Hellenic Parliament on Thursday, emphasized that there is "an established belief among the Greek people" that the government "operates as a well-oiled machine of corruption, cover-up, and propaganda.
ATHENS — Greece’s center-right government survived a motion of no-confidence late Thursday that was brought by opposition parties over its handling of the country’s deadliest rail disaster a year ago.
ASTORIA – Greek Minister of the Interior Niki Kerameus offered an informative presentation on postal voting in the upcoming European Union elections for Greek citizens in a well-attended event held at the St.