Corporate tax cyprus

CFCs directly or indirectly. The specialised solutions we offer to you are adjusted to your own needs. Please do not hesitate to contact us at any of the addresses shown at the end of this publication. Maximum Refund Guaranteed. Find Out More About Your Taxes!

Industry-Specific Deductions.

Cyprus tax facts is a. Get Every Dollar You Deserve. Europe’s lowest rates. Certain income types are also subject to a special contribution for defence el.

The island’s advantageous tax rate coupled with an extensive list of double tax treaties places it high on the list of preferred. In other words, the higher your income, the higher the rate at which you will pay tax. The biggest of such advantages is definitely the corporate tax rate of 12.

Favourable corporate and trade laws. This is not just one of the lowest in the EU but also among all the reputed low- tax jurisdictions of the world.

Is a ruling process available for specific corporate tax issues or desired domestic or cross-border tax treatments? Is there a transfer pricing regime? Cost of equity financing is now tax deductible through the NID benefit. Achieve an effective tax rate of 2. What is Notional Interest Deduction? The content of this article is intended to provide a general guide to the subject matter.

Alex can hence provide Legal Advice in corporate matters in various jurisdictions, as well as litigation services. The most important revenue sources are the income tax , social security, value-added tax and corporate tax , and are all collected by the central government. Income tax is levied on a progressive rate. There are also exemptions on offer including capital gains, foreign exchange gains and inheritance tax. Tax exempt remuneration.

For instance, with Low tax rates on both income taxation for private individuals and corporate taxation of companies among other benefits. In fact, representatives of. General corporate income tax rate. Expenses incurred wholly and exclusively in earning taxable income are deducted for corporate tax purposes. However the gross interest received or credited will be subject to Special Contribution for the Defence tax at the rate of.

With representative offices in UK and a global network of associated firms, we guarantee to provide a wide range of quality Corporate , Legal, Consulting and Financial Services. Taxation is a fundamental aspect of modern economy and as such, forms a crucial part of a business’ strategy.

Minutes after business groups voiced opposition to a possible increase in corporate tax from 12. Finance Minister Harris Georgiades said that given the absence of consensus he would.