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Cyprus

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Tax authorities

Ministry of Finance
Michael Karaoli & Gregori Afxentiou Corner
1472 Nicosia
Cyprus
Tel: +357 22 602723
Email: director@ird.mof.gov.cy

Inland Revenue
Michael Karaoli & Gregori Afxentiou Corner
1472 Nicosia
Cyprus
Tel: +357 22 601919
Email: cregistry@ird.mof.gov.cy

Companies section:
Email: compnic@ird.mof.gov.cy
Tel: +357 22 807259

Tax rates at a glance

(As of September 2012)

Corporate income tax rate 10%
Capital gains tax rate 20% (a)
Branch tax rate N/A
Withholding tax
  Dividends 0 (b)
  Interest 0 (b)
  Royalties from patents and licences 0 (c)
  Branch remittance tax No
Net operating losses (years)
  Carryback No
  Carryforward Indefinitely
  1. Capital gains tax is imposed on the gain from the alienation of immovable property situated in Cyprus and/or shares in companies owning immovable property in Cyprus.
  2. Cyprus does not impose withholding taxes on dividends or interest payments to non-residents.
  3. Cyprus does not impose withholding taxes on royalty payments relating to the use of rights outside Cyprus.

Source: Professionals from Eurofast Taxand, the Cyprus member of Taxand

Cyprus

Boris Lazic and Chris Damianou
Eurofast Taxand
Cyprus

Boris Lazic and Chris Damianou of Eurofast Taxand examine the basics of corporate taxation in Cyprus.

[Show full article]

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Cyprus, like many in the eurozone, has felt the effects of the economic volatility."We can divide it into two parts really. At the end of 2011 we saw a lot of recovery but in recent months the double-dip has hit us," said Consulco's Rutger Kriek, while ... [more]

Deloitte boasts one of the biggest tax teams in Cyprus, which is led by Pieris Markou in Nicosia. Antonis Taliotis runs the practice in Limassol. The firm works across a number of service lines including indirect tax, a team Christos Papamarkides leads. ... [more]

Ernst & Young has a 35-strong tax practice in its two offices in Limassol and Nicosia. The team is led by Neophytus Neophytou. Maarten Koper is also a respected figure in the market. Helga Csenki left to join PwC in October 2011. This year the firm has ... [more]

Baker Tilly Klitou has a significant tax team in Cyprus, with 10 partners, led by Therapon Mafkas in Nicosia, and 150 fee earners. The firm also has offices in Larnaca and Limassol, where Stelios Gregoriou heads the practice.The firm works across all ... [more]

Consulco's team in Cyprus is led by Rutger Kriek, a Dutch lawyer and international tax partner. The team is comprised of three partners, with the team most active in indirect and corporate tax matters."I was happy with the quality of advice given. They ... [more]

Eurofast Taxand is a large and ambitious tax practice that numbers 10 partners and 64 other fee earners. The team has its own domestic clients but also makes use of its extensive network throughout southern Europe and the Mediterranean. The firm has ... [more]

See also

Cyprus
Western Europe

Firm contact details