Tax changes in our tax legislation – 9th July 2015

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On 9 July 2015, the House of Representative enacted into laws a number of significant tax law proposals which were published in the Cyprus Government Gazette on 16 July 2015. The amendments to the Cyprus Tax Legislation are in an effort to improve the framework of the Cyprus tax system and improve Cyprus’ competitiveness in

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Naturalisation of Investors – Council of Ministers Decision dated 19.3.2014

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Naturalisation of Investors – Council of Ministers Decision  dated 19.3.2014   SCHEME FOR NATURALISATION OF INVESTORS IN CYPRUS BY EXCEPTION on the basis of subsection (2) of section 111A of the Civil Registry Laws of 2002-2013   A non-Cypriot citizen, who meets one of the following economic criteria (A), either personally or through a company/

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Tax Treatment of Royalty Profits

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According to the new tax regime, 80% of “Royalty Profit” generated from such Intellectual Property will be exempt from corporation tax.  The remaining 20% will be subject to the normal corporation tax rate (currently 12.5%) For the purpose of determining the “Royalty Profit” the law allows the deduction from the resulting royalty income of all

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