Cyprus/2014
CYPRUS Tax Year 2014 (01.01.2014 – 31.12.2014)
Corporate income tax rate
Companies 12.5%
Public Corporate Bodies 12.5%
Capital gains tax rate 20%
Branch tax rate n/a
Withholding tax
Dividends Nil2
Interest Nil2
Royalties Nil3
Branch remittance tax n/a
Net Operating Losses (years)
Carry back Not allowed
Carry forward 5 years
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 situated 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