- A company which is tax resident in the Republic of Cyprus, is taxed on income accruing or arising from sources both within and outside the Republic.
- A company which is not tax resident in the Republic, is taxed on income accruing or arising only from sources within the Republic.
A company is tax resident in the Republic if it is managed and controlled from the Republic.
Corporate tax rate is 12,5%
However there are several exemptions reducing the Corporation tax rate up to 0% for certain types of income.
For more information click on Cyprus Corporation Tax.