This legislation reduces Cyprus taxes on payments outside Cyprus to 0% which makes Cyprus a very popular jurisdiction for holding, financing and royalty companies.
Cyprus differs from most other offshore jurisdictions, in that it offers a big number of double tax treaties (44 in total), for the avoidance of double taxation. In general most of the [...]
A company is considered as a Tax Resident in Cyprus, if the management and control of the board meetings, take place in Cyprus. If the majority of the Directors is tax resident [...]
Capital gains is taxed at 20% on gains but gain on disposal of securities is completely exempt. Gains on disposal of property situated outside Cyprus is also exempt from any taxation.
All gains from trading in securities are tax exempt. This exemption makes the Cyprus holding companies very attractive and popular. The term “Securities” is defined as shares, bonds, debentures, founders’ shares and [...]
The directive intends to estimate the double taxation of dividends received by a parent company located in one member state from its subsidiary located in another. The Cyprus legislation is more generous [...]
The directive seeks to abolish the withholding taxes on interest and royalty payments between member states of the EU. Cyprus legislation does not impose any withholding taxes on payments of interest or [...]
TAX CHANGES 2012 AND 2013 Significant tax changes take place in 2012 and in 2013, after a significant number of drafts of law took effect after their vote in the parliament. The [...]
In 2007, three-dimensional seismic surveys indicated very promising technically recoverable natural gas reserves off the coast of Cyprus. After licensing bids, Noble energy received the concession to explore Block 12 in October [...]
The main advantages of Cyprus tax legislation...