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Capital gain Tax


Corporate Services
Business Angel
Sep 19, 2009
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In India if you are an individual or You have an investment company you have to pay Capital gain tax.It is applicable to those who are involved with capital Markets for buying and selling listed stocks.if you buy a stock and sell it before one year you have to pay tax at the rate 10% of your profit.This is called short term Capital gain tax.Selling stocks beyond the period of 12 months is exempted from tax which is called Long term Capital gain tax.So what is the structure of capital gain tax in Cyprus?
A capital gains tax ( CGT) is a tax charged on capital gains, the profit realized on the sale of a non-inventory asset that was purchased at a lower price. The most common capital gains are realized from the sale of stocks, bonds, precious metals and property. Not all countries implement a capital gains tax and most have different rates of taxation for individuals and corporations.

But i don't have a clue about the Cyprus capital gains tax?