TAXES IN CYPRUS
Cyprus offers a generous individual tax system, with the first EUR 19,500 of salaries income exempt from income tax.
Cyprus companies are taxed at a rate of 12.5% per year on corporate profits.
New properties in Cyprus, defined as properties built within the past 5 years, or with a building permit dating to the past 5 years, are liable for VAT of 19%. Older properties have a VAT of 5%.
NOTE ON CYPRUS SUBSTANCE
NOTE ON COMMON REPORTING