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arFavorable Tax System
Cyprus boasts a competitive tax regime with the lowest corporate tax rate in Europe and advantageous double tax treaties with 60 partner countries.
Facts and Figures
- Immovable Property Tax: 0%
- Transfer fees: 0% if subject to VAT, otherwise 8% of the value of the property
- VAT Incentive: 5% on first property, and 19% henceforth
- Inheritance Tax: 0%
- Corporate Tax: 12.5%
- Capital Gains Tax: 20% on the profits made when property is sold
The above is a snapshot of the Cyprus tax system in 2018 and is intended to act as a guide for efficient tax planning. For more in-depth details about the tax system and how we can assist, contact us directly.
Facts and Figures
- Immovable Property Tax: 0%
- Transfer fees: 0% if subject to VAT, otherwise 8% of the value of the property
- VAT Incentive: 5% on first property, and 19% henceforth
- Inheritance Tax: 0%
- Corporate Tax: 12.5%
- Capital Gains Tax: 20% on the profits made when property is sold
The above is a snapshot of the Cyprus tax system in 2018 and is intended to act as a guide for efficient tax planning. For more in-depth details about the tax system and how we can assist, contact us directly.
