Cyprus Company Tax Benefits explained by CYAUSE Audit Services Ltd

CYPRUS TAX BENEFITS

Main Tax Benefits

• Corporation Tax Rate at 12.5%
• Trading in Securities is Tax-Exempt
• Foreign Dividend Income Exemption
• No Withholding Taxes, in most cases
• Attractive Permanent Establishment (PE) rules
• Beneficial Double Tax Treaty Network
• Tax Losses Carried Forward for Five Years and surrendered as Group Relief

Additional Tax Benefits

• No Capital Gains Tax for properties held abroad.
• Corporation Tax rate of 0% for Shipping companies, 4.25% for Maritime Management Companies
• Re-Organizations (Mergers, Takeovers) within a group can take place without Tax consequence
• Unilateral Tax-Relief for foreign tax suffered by all Cypriot companies
• Interest Deduction for Borrowing
• Registration for EU VAT
• Low Duties - Taxes on the establishment of companies

Extensive Double Tax Treaty Network