Tax Department issued a circular on 14 November 2017 to clarify an important part of the law. In effect, the benefit, which is deemed to be granted to directors or shareholders who are individuals or their spouses or their
A new tax treaty signed among Egypt and Cyprus on 8th of October 2019 and published on 25th of October 2019. Once becomes effective the pre-existing tax treaty which has been in effect since 1996 will be replaced. Currently, under
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