Cyprus

…that Cyprus is regarded as having the most attractive tax regime in Europe?

…that Cyprus is regarded as having the most attractive tax regime in Europe?

In a survey KPMG interviewed more than 400 tax professionals across Europe. According to the poll Cyprus was regarded as the most attractive tax regime in Europe followed by Ireland, Switzerland and Malta. The least attractive tax regime was that of neighboring Greece.

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… in Cyprus you can earn up to 19.500 Euros without paying personal income tax

… in Cyprus you can earn up to 19.500 Euros without paying personal income tax

Most jurisdictions allow for a free amount to be earned without having to pay personal income tax. This non-taxable amount differs from jurisdiction to jurisdiction but it is clear that Cyprus is one of the jurisdictions having the most generous rules in this area. According to Cyprus tax law you are allowed to earn up to 19.500 euros per year tax-free.

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Information from Deloitte about the Tax System in Cyprus

Information from Deloitte about the Tax System in Cyprus

Deloitte is one of the largest providers of audit, tax,consulting and financial advisory services in Cyprus and constitutes a part of Deloitte Touche Tohmatsu (DTT) that is one of the world’s leading professional services firms with almost 170.000 people in more than 140 countries.

Deloitte’s professional services in Cyprus includes:

  • audit of financial statements in accordance with International, UK or US audit standards tax services to both Cyprus and foreign companies,
  • consulting services including financial and management consulting,
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