Cyprus became a full member of the European Union on 1st May, 2004, thus harmonising its tax legislation in accordance with the EU directives.
The Corporate Tax rate for Cyprus Companies is 12.5% and government tax of 350€, one of the lowest in the EU. This low Tax Rate coupled with the extensive list of Double Tax Treaties (DTT) that Cyprus has signed with more than 40 countries, makes Cyprus an ideal jurisdiction for local and International Tax Planning.
LOCAL TAX SERVICES
- Registration with Local Tax Authorities
- Obtaining local VAT/VIES number
- Preparing and submitting VAT/VIES reforms
- Advising clients on local regulations and obligations