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International Business Companies (IBC) are taxed at the rate of 10% on their taxable income. All expenses incurred in earning the income are tax deductible.

Recent amendments for a Cyprus Company Law, Cap 113, has provided for the following:• Foreign companies can be re-domiciled in Cyprus; and• Cyprus registered companies

The current legal regime in relation to the granting of C.I.F. authorization is regulated by the law N 144 (I)/2007, “Law that provides for the

Tax Calendar

In an effort to keep Cyprus o the “blacklist” Russia and Cyprus have entered into negotiations to amend the existing tax treaty.