Tax Planning for Cyprus Companies.

[richardm1964]

What are the normal rate of Tax for Cyprus companies? Can a company be able to save Tax through Tax Planning in Cyprus? Describe how?

 

[mneilson]

The Cyprus companies having the offices and establishments in Cyprus are liable to pay income tax between 10 to 20% of their profits. So fas as my knowledge is concerned, there are scope of Tax Planning to save tax. There is a provision of full tax exemption on profits of international business branches if their management and control is outside Cyprus. So a company can save some tax on this front.