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PERSONAL INCOME TAX Where an individual is a resident in the Republic, tax is imposed on income accruing or arising from sources both within and outside the Republic. Where an individual is not a resident in the Republic, tax is imposed on income accruing or arising only from sources within the Republic. An individual is considered to be resident if …

A Cyprus Holding Company can be effectively utilized for international tax planning purposes and at the same time enjoy the status of being located at a reputable business centre within the European Union. In summary, a Cyprus Holding Company offers the following advantages in relation to the major tax considerations: Dividend income received from subsidiary companies abroad is exempt from …

SYNOPSIS Cyprus has become a centre through which many leading international companies conduct their business activities. Among the benefits which accrue in using Cyprus as a corporate vehicle are the lowest corporate tax rate in Europe, the extensive double tax treaty network, the secure environment, its reputation, infrastructure and favorable tax provisions. Company Name The name of a company must …

  The tax reform act of 2002 was inevitable in order to harmonize Cyprus’ laws and practices with the European Union laws and directives, the Code of Conduct and the Organization for Economic Cooperation and Development. The end result of this exercise was the abolition of the offshore regime, the introduction of a uniform taxation and operational scheme applicable to …

  On 1 January 2010, a number of important VAT rules will change following the implementation of various European Directives and Regulations (the “VAT Package’), mainly concerning the place of supply rules for services. These changes may have an impact on Cyprus companies if such companies receive or provide services. Such services for example include fees for consultancy, management, administration, …