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Corporate tax is used to tax international profits of a company based in Cyprus. In Cyprus, corporate tax is levied at 12.5%.
Furthermore, business owners who are tax residents in Cyprus and enjoy Non-Dom Status Privilege can collect the profits of their company, in the form of dividends practically tax-free, after deduction of the 12.5% corporate tax. Further information on this subject can be found at the end of this article.
Corporate tax is used to tax international profits of a company based in Cyprus. In Cyprus, corporate tax is levied at 12.5%. Intellectual Property Income is obtaining a maximum 80% discount.
Furthermore, business owners who are tax residents in Cyprus and enjoy Non-Dom.
Status Privilege can collect the profits of their company, in the form of dividends practically tax-free, after deduction of the 12.5% corporate tax. Further information on this subject can be found at the end of this article.
The structure of collecting income tax in Cyprus follows the Model of Progression.
Effectively, this means that the higher the individual person’s private income, the higher the income tax rate.
The structure of collecting income tax in Cyprus follows the Model of Progression.
Effectively, this means that the higher the individual person’s private income, the higher the income tax rate.
The structure of collecting income tax in Cyprus follows the Model of Progression.
Effectively, this means that the higher the individual person’s private income, the higher the income tax rate.
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