EeCorp – Finance, Trading & Taxes » Cyprus Tax, Taxation News


IPT changes pushed until after the summer season

“We should not approve any integration or some other reform of actual property tax if the government notion does no longer embody a discount of the tax,” DIKO chairman Nicolas Papadopoulos stated. “This tax is crippling and creates an issue to efforts to …
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Nicosia, Cyprus (PRWEB) February 04, 2015

London Borough of Ealing has determined, after 6 months of container-trying out, to install the AU10TX FDI device for authentication and validation of settling on paperwork, and their conversion to manageable digital data. The agreement has been signed for an preliminary period of three38D9283F&ampuseSmaid=t&”>(front-end file Identification) machine will allow London’s Ealing benefit officers and fraud investigators to acquire, inside seconds, the results of a comprehensive set of forgery and validity exams – all with simple inserting of the identification paperwork on the gadget scanner.

The system can even extract all record data making it effectively to be had for processing claims speedy and effectively on the council’s computing system. With the introduction of AU10TIX FDI, Ealing Borough Council will have the ability to strengthen the rate and accuracy of identification file forgery detection, which many councils nonetheless carry out manually. Council fraud investigators will be capable of use FDI as an alert gadget which pulls their attention to classy fraud attempts.

identification fraud is probably the most widespread form of fraud within the UK as of late. recent analysis document printed that 46% of monetary fraud makes an attempt involve identification theft – nearly double the rate (27%) of cases detected in 2015! (sourceD81911/20/10820143.Identity_theft__a_rising_threat_/). according to a few estimates, UK’s advantage fraud damages quantity to as much as £5.5bn a yr! These large numbers can’t be policed effectively (sourceDimportant.

“we are here to offer quick and environment friendly carrier to our residents, and on the comparable time stop waste of tax payers’ money on fraud”, says John Allsop, Audit &amp possibility supervisor of Ealing council: “Ealing council has taken the initiative to harness the latest technology to do each far more efficiently. we now have examined the FDI machine ‘in the field’ totally and located this expertise now not simply effective but in addition value-environment friendly. Fraudsters available in the market higher think twice earlier than attempting to put up cast or tampered id paperwork”.

“With the AU10TIX FDI expertise, Ealing’s benefit officers and fraud investigators have simply turn out to be a lot quicker and rather more accurate at recognizing even the most sophisticated identity document fraud makes an attempt”, says Ron Atzmon, Managing Director of AU10TIX: “that is the result of greater than 20 years of experience in identity fraud detection expertise solutions. These options have been at the start designed for safety-critical environments such as border control and aviation… this technology costs a fraction of what it is in a position to saving. In today’s financial setting they turn out to be ever more related for councils within the UK and in different places”.

About London Borough of Ealing

With nearly 340,000 inhabitants, Ealing is London’s fifteenth largest borough. Ealing provides its residents with the entire vary of services, including a wide range of social benefits. Like other London boroughs, Ealing also faces benefit fraud makes an attempt, and employs an ready fraud investigation staff. London Borough of Ealing is a forerunner of adopting new know-how to enhance resident provider expertise, increase operating efficiency and combat crime.

For extra data, discuss with1BC042website/.

About AU10TIX

AU10TIX limited, a totally owned subsidiary of ICTS global N.V, offers with the authentication and digitization of making a choice on paperwork together with Passports, identification cards, using licenses and different complementary settling on documents. the corporate specializes in imposing hardware &amp instrument based applications used for scanning, picking, content material retrieval, authentication and validation of identifying paperwork. AU10TIX is a pioneer of all-channel (front-end and online) identity authentication and processing solutions. the company’s products appreciably scale back deciding upon file-primarily based fraud, decreasing the prices related to client processing and enabling efficient regulatory compliance, whereas making the gross sales and make stronger operations swifter and significantly extra environment friendly.

For extra information, consult with1BC042global N.V.

ICTS specializes within the construction and implementation of innovative safety ideas and solutions designed to fulfill the needs of a variety of industries, primarily aviation transportation, border control and delicate amenities. ICTS world advantages from over 20 years of experience and international operational experience in transportation safety, with a specific emphasis on excessive-risk environments, passenger processing transactions and the mixing of safety products and services to provide a comprehensive security answer. It additionally bargains a wide variety of personalized coaching packages, tailor-made approaches and a variety of security consulting products and services. the corporate has developed and implemented distinctive technological solutions, based on its comprehensive method to safety, designed to improve the extent of security while accelerating the safety check process.

For more information, seek advice from0free up contains “forward-looking statements” throughout the meaning of the personal Securities Litigation Reform Act of 1995, concerning the company’s trade strategy and future plans of operations. forward-looking statements involve identified and unknown dangers and uncertainties, both general and particular to the matters discussed on this press free up. These and different important factors, together with those mentioned in various Securities and alternate commission filings made periodically by the corporate, could cause the corporate’s precise results and efficiency to fluctuate materially from the longer term results and performance expressed in or implied with the aid of such forward-taking a look statements. The forward-taking a look statements contained in this press release speak most effective as of the date hereof and the company expressly disclaims any duty to provide public updates, revisions or amendments to any forward-taking a look statements made herein to replicate modifications within the firm’s expectations or future situations.


London Borough of Ealing

John Allsop, Audit &amp risk manager

e mail: allsopj(at)ealing(dot)

Tel.: +forty four-208-825 6078


Ofer Friedman, Director of marketing

e-mail: ofer.friedman(at)au10tix(dot)com

Tel.: +972-50-4 seventy one 71 50

ICTS global NV

Alon Raich

electronic mail: mail(at)ictsinternational(dot)com

Tel.: + 972-974-47770

Batch of tax reforms approved with the aid of home

… of tax reform payments, geared toward streamlining taxation and encouraging funding. The changes deliver about a discount of switch fees on actual property transactions via 50 per cent unless the top of 2016. … The up to date rules extends the length …
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Cyprus: actual estate tax restructuring is a must

If a property is sold by using an owner who buys another property inside a six-month length, the Capital gains Tax must be waived. this is able to be useful to homeowners who want to move to a smaller or bigger property but are hesitant to take action as a result of heavy taxation.
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