Amendments to Cyprus Tax Laws

This article will consider the recent amendments to the Income Tax law and Special Contribution for Defence Law (the ‘Tax Laws’) in Cyprus. These amendments were

Tax free gains on disposal of shares

Coins

Income tax on gains arising upon the sale of shares Cypriot (Corporate) Income Tax provides for a tax exemption from gains realized by Cypriot taxpayers upon

Cyprus tax in a nutshell

Leonid Mamchenkov, flag

Tax reform As a consequence of Cyprus entering into the European Union on 1 May 2004, Cyprus entered a new tax era. The tax reform was