Capital Gains Tax
Capital Gains Tax (CGT) The CGT rate applicable is 20% on profits made on the sale of immovable property or shares (other than shares listed in a recognized stock exchange) in a company holding...
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IFRS 16 LEASES
Introduction As from 01 January 2019, all business entities must account for their operating lease agreements under the new provisions of IFRS 16. Basically, every operating lease...
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Income Tax Law (No2) 2022
Amendment of the Income Tax Law, as follows: Α. To expand the existing tax relief period of the deduction from the taxable income of a physical person by 50% (fifty percent) of their first...
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Transfer Pricing
The Cyprus Tax Office has introduced a new tax deduction scheme for Scientific Research and Research and Devel The Cyprus Tax Office has introduced new Transfer Pricing Rules (TP) which are...
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Tax Incentives for Scientific and R&D expenses
The Cyprus Tax Office has introduced a new tax deduction scheme for Scientific Research and Research and Development (R&D) costs. The research and development expenses that are...
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