There is no capital gains tax on the sale of shares unless the company holds an immovable property situated in Cyprus. The sale of shares is totally exempt from all direct taxes in Cyprus.

In regards to Indirect Tax, the sale of shares is specifically listed as an exempt transaction in the Cyprus VAT legislation as well.

However, any potential profit from the disposal of shares is subject to GHS Contributions regardless that this income is exempt from Income Tax by Article 8.

For every natural person, the total maximum annual amount on which contributions will be paid is €180,000. The current rate is at 2,65%, thus a payable amount of €4.770.

GHS Contributions are paid by all Cyprus Tax Resident persons (domiciled and non domiciled) on their worldwide income and by Non Cyprus Tax Resident persons on their income derived from the Republic.