Tax Free Amount for Cyprus in 2014 ?

[ajo]

Hey admin, Can you tell what is tax-free-amount for Cyprus Resident Company which I must reach to pay this 12,5 % tax I heard that it is something more than 20000 EUR ? Can you give exact amount..thank you.

 

[JohnLocke]

Sorry to say so, but I think you are mixing something a little!


The corporation tax is at a fixed rate of 12.5% on net profits without any exemption.


The exemption of €19.500 applies to personal taxation ( not corporate taxation).

 

[ajo]

sorry admin I did not know it, thank you for explanation I'm total noobish with all of that

 

[JohnLocke]

No problem at all, the forum is here for the same

 

[LindaKay]

I'm glad we have an admin here who can give us advice when we need it! That's sort of a high tax rate if you can't have any exemptions, don't you think?

 

[Kaseyallan]

Yes, I think having strong admin that know about the field is an amazing benefit of the forum and threads, I've been on other investment forums where it was like the forum admin were secondary school business students.