JOANNIDES + CO LTD (C) 2015 | PRIVACY POLICY

 
 
 
 
 
 
 
 

Accountants and Management Consultants

ATTRACTIVE TAX ENVIRONMENT

Why

Cyprus

Cyprus has a simple, transparent and attractive tax regime fully compliant with EU and OECD standards having the following main characteristics:

 

General corporate tax rate of 12,5% on profits and one of the lowest effective corporate tax rates in the EU;

 

Dividend income, profits from overseas permanent establishments and profits from the sale of securities are exempt from tax;

 

No withholding tax on dividend, interest and royalty paid from Cyprus;

 

Unilateral credit relief for foreign taxes;

 

No capital gains tax/ except on real estate situated in Cyprus;

 

No detailed transfer pricing rates (arm’s length principle only);

 

Group loss relief;

 

No wealth taxes and only minimal stamp duties;

 

Most international transactions are free of VAT charge;

80% exemption of royalty income and gains from disposal of intellectual property;

 

Wide network of favourable Double Tax Treaties with fifty key jurisdictions;

 

Generous tax exemptions for non-resident individuals taking up highly paid employment in Cyprus.