Cyprus Offshore Companies formation

The tax loss incurred during the year is carried forward and set off against future profits for a period of five years. In addition the loss can be set off against the profit of another group company provided both companies are tax resident of Cyprus.

Tax losses from a permanent establishment abroad can be set off with profits of the Cyprus Companies. However, Subsequent profits of the permanent establishment abroad are taxable up to the amount of losses allowed.



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KSA Cyprus | Company Formation | Offshore Tax services Located at 5 Spatharikou, 4004 Mesa Geitonia , Limassol, Cyprus.

Phone: +357 25343477