Value Added Tax (VAT) and Cyprus Offshore Companies.

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mneilson

Corporate Services
Business Angel
The concept of VAT(Value Added Tax) originates from Europe and Cyprus being a member of European Union, also has VAT system to Collect Tax. What is the implication of VAT on offshore companies in Cyprus?
 

richardm1964

Offshore Agent
The Cyprus Offshore companies are exempt from VAT on their trading activities. They also do not pay VAT on telecommunication services and on goods eligible to be purchased duty free. So this a great facility being enjoyed by Cyprus offshore companies.
 
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