Miesiąc: Maj 2021

NID Cyprus tax deduction IBCCS TAX Limassol

NID – instrument for tax-efficient return

The Notional Interest Deduction (NID) is a significant instrument available to both domestic and foreign companies that allows them to deleverage and realize a tax-efficient return on new (qualified) equity. This return is obtained by deducting a “notional” interest charge from their taxable income.As a result of the NID, Cypriot enterprises may now attain effective …

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Cyprus Permanent Residency by Investment IBCCS TAX

New legal framework for Permanent Residency by investment in Cyprus

The Cypriot government recently announced certain amendments to the provisions of Regulation 6(2) of the Aliens and Immigration Regulations, which became effective on the 24th of March 2021, in an effort to further attract foreign investment to the island and to aid economic recovery and further economic growth. Investment criteria The applicant must make an …

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