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Cyprus Tax Rates
Cyprus Companies benefit from one of the lowest tax rates in Europe. The corporate tax rate in Cyprus is currently 12.5%.
The Cyprus corporate tax rate is 12.5% on net profits. This is one of the lowest mainstream rates of tax on corporate profits within the EU. Furthermore, foreign-source dividends and capital gains are typically exempt from Cyprus taxation.
Which companies are subject to the Cyprus tax rate?
All companies which are centrally managed and controlled in Cyprus are subject to Cyprus corporation tax on worldwide income.
As the 12.5% tax rate is levied on a net basis, business expenditure incurred wholly and exclusively on earning the income of the company is deductible from the taxable base.
Cyprus incorporated companies register with the Cyprus tax authorities and obtain a tax identification number within 60 days of incorporation.
We can help with your tax registration...
We can assist with all these tax registration formalities post-incorporation.
If you need any advice on Cyprus tax rates or any of our other Cyprus services, please complete the enquiry form and one of our Corporate and Trust Planning Consultants will contact you shortly.