Economic Adjustment Programme for Cyprus be saved and transferred to Bank of Cyprus (BoC), while shareholder capital would be written off, and the uninsured deposits above €100,000 – along with other creditor claims – would be lost to the degree being decided by how much the receivership subsequently can recover from liquidation of the remaining bad assets. As an extra safety measure, uninsured deposits above €100,000 in BoC will also remain frozen until a recapitalisation has been implemented "(with a possible imposed haircut if this is later deemed needed to reach the requirement for a 9% tier 1 capital ratio)". The targeted closure of Laiki
European Union value added tax personal use or gifts without limits.The 2015 EU VAT legislation requires two non-conflicting pieces of evidence to be produced so as to determine what VAT rate should be applied to these digital goods sales. EU sellers may validate the VAT number of a buyer residing within the EU Value Added Tax Area using VIES. All EU member states are part of the VAT area. However some areas of member states are exempt areas: Included with the Republic of Cyprus at its 19% rate: Included with the United Kingdom at its 20% rate: Included with France at its 20% rate: Areas