| cyprus-taxation.net |
 |
HOME |  |
ABOUT US |  |
ADVERTISE |  |
LINK TO US |  |
CONTACT US |
Cyprus Taxation) Cyprus is a member of the European Union, and constantly receives praise for its active finance sector. Formerly an offshore tax zone, Cyprus negotiated to receive low tax capability for its International Business Companies in order to maintain and attract new clients. As a result of this, Cyprus has the lowest corporate tax rate in the European Union and the lowest non-offshore corporate tax rate in the World. Some clients may feel uncomfortable to be identified with “tax havens”, but they must not forget that as a full European Union member, Cyprus has a much higher prestige than the rest of the tax havens, such as the ones in the Caribbean Cyprus taxation . All companies in Cyprus enjoy a flat, 10% tax rate, the lowest corporate tax scheme in all of the European Union. VAT is currently still 15%, which is the lowest allowed rate in the European Union (Cyprus taxation) . The Cypriot Government actively lobbies the E.U. to receive concessions for its International Business Companies(I.B.C.), since their activities make up a crucial part of the economy. Some sectors, such as shipping companies enjoy a rate of… 0%. Companies looking to take advantage of the beneficial taxation policies in Cyprus should also take heed of the Double Tax Treaties the Cypriot Government has signed with various countries of the world. This means that Companies will only be taxed in one country and by the lower tax rate (and they usually to do so in Cyprus , rather than their country of origin) (Cyprus Taxation)GLOBAL EYE PROFESSIONAL ADVISORS LTD is the foremost name for incorporation and management of international business enterprises. With our international network of experienced accountants, consultants, tax specialists, and other professionals you can be assured the best the OFFSHORE WORLD has to offer along with expert tax and legal advice! click here to enter our web site
|
 |
