Our valued sponsor

Tax for defenses, what is that?

CALL US ON +971 50 4467827 - TO SETUP YOUR NON-CRS COMPANY STRUCTURE IN DUBAI.
Bank Accounts, Company Formations, Tax Planning, Residency Solutions, and more

JohnLocke

Forum Moderator
Staff member
Mentor Group Gold
Elite Member
Dec 29, 2008
13,385
3
6,543
131
Belize
Defence tax at 10% is charged on the following cases:





(a) If the company is Cyprus tax resident – there is a 10% defence tax ( withholding tax) on interest receivable


(b) Dividends receivable from abroad are in general not subject to defence tax, but there is one exemption


© There is no defence tax on trading profits.
 

Moh1

Corporate Services
Jan 28, 2009
183
15
18
Admin said:
Defence tax at 10% is charged on the following cases:



(a) If the company is Cyprus tax resident – there is a 10% defence tax ( withholding tax) on interest receivable


(b) Dividends receivable from abroad are in general not subject to defence tax, but there is one exemption


© There is no defence tax on trading profits.
Thanks, I wasn't aware of this defence tax but think it is the same as the regular TAX you have to pay if you incorporate your Cyprus company as a national company.
 
  • Like
Reactions: negon

webdriller

Corporate Services
Silver Member
Business Angel
Feb 12, 2009
55
20
8
43
If you incorporate as an IBC you can avoid the TAX which means you are subject to 0% tax, this requires only that you aren't doing any business within Cyprus and you have foreigner as shareholders and directors.
 

jb100

Corporate Services
Business Angel
Sep 19, 2009
215
0
0
Very happy to know that,there is no defense tax on trading profits in Cyprus.For a trading/investment company,no tax is payable in Cyprus as a result of which trading margin will be higher.So more and more new trading companies are going to be established in Cyprus.But we should realize that defense expenditure is quite essential to maintain the dignity and sovereignty of any country .So one should be ready to pay for the best interest of the nation.
 

JohnLocke

Forum Moderator
Staff member
Mentor Group Gold
Elite Member
Dec 29, 2008
13,385
3
6,543
131
Belize

negon

hannibal the cannibal
BANNED MEMBER
Jun 12, 2011
3,847
6
0
It's not useless to have a Cyprus company if some is looking for incororating their business in Europe in order to do business here! Accounting is not difficult for a Cyprus company you can even let your agent do all the work and just sit back and do business.
 

Latest Threads