Cyprus Tax Info 2017

Our publications "Cyprus Tax Info 2017" provides general background to the Cyprus tax system and reflects Tax Law and practice in Cyprus as of January 2017.New provisions in the Cyprus IP regime modernize it and bring it in line with widely acceptable practices amongst EU countries. At the same time, Cyprus maintains its competitiveness and effective tax rate of 2,5 percent.

New provisions in the Cyprus IP regime modernize it and bring it in line with widely acceptable practices amongst EU countries. At the same time, Cyprus maintains its competitiveness and effective tax rate of 2,5 percent.
 
Of major significance also, are the Cyprus non-dom rules, under which foreign (non-dom) individuals are exempt from investment income earned in Cyprus and abroad. Further, tax on income earned in Cyprus is reduced substantially. They constitute compelling advantages for foreign individuals from a tax perspective.
 
The non-dom rules together with the revised citizenship investment criteria for foreigners (Cyprus passport) has lured a significant number of HNWIs to take advantage of Cyprus significant tax advantages and EU status.

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