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When applied correctly, the regime can significantly reduce the tax liabilities of Cyprus tax resident companies by granting an 80% deduction on qualifying profits derived from IP.
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The focus of the new changes is moving away from purely formal compliance and towards economic substance and proper corporate governance. In practice, this means that companies are ...
Amendment of the Transfer and Mortgage Law
The recent amendment of the Transfer and Mortgage Law has resolved the unconstitunality of certain provisions of this law, vis-à-vis the ...
Amendments of tax laws with the focus of which is on corporate practices connected with low-tax jurisdictions and jurisdictions which are classifed as high risk by the European Union. ...