Considering that it is time for an update in the Cypriot tax legislation, the House of Representatives has come with several proposals that would help the country to become more competitive and to attract more foreign investors. Two of those measures refer to the Cypriot income tax and the defense tax. For a complete picture of the taxation system you can get in touch with our law firm in Cyprus.
Cyprus has added Iran on its list of double taxation agreements at the beginning of August. The new treaty for the avoidance of double taxation follows the Organization of Economic Co-operation and Development Model and is meant to increase the economic collaboration between Cyprus and Iran. Our Cypriot lawyers can provide you with more information about the country’s double taxation treaties.