Cyprus: Provisional Tax 2021
Cyprus companies are required to apply a temporary tax assessment / calculation of their 2021 chargeable income under the Cyprus Income Tax Law. The temporary tax assessment/estimation is due in two equal instalments on or before following dates: 31st of July 2021, 31st of December 2021. If provisional tax payments were made based on an […]
The Netherlands – Cyprus: first-ever DTT
Cyprus approved the first-time Double Tax Treaty (DTT) between Cyprus and the Netherlands on June 4, 2021, after it had been signed on June 1, 2021. The Official Gazette has published of the same on June 4, 2021. After the appropriate legal procedures are completed, the treaty will enter into force. The treaty will take […]
Cyprus as an ideal location for Intellectual Property
Cyprus currently has one of the most favorable IP systems in the world, imposing only 2.5% – 0.0% of the effective tax rate on profits derived from IP structures (depending on the spending structure). And this is only one of the benefits. What precisely is an IP BOX? The Intellectual Property (IP) Box regime, also […]
