Tax rates at a glance


 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