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CYPRUS TAX UPDATE - SIGNIFICANT TAX LAW CHANGES

On 9 July 2015, the House of Representatives in Cyprus enacted into law a number of significant tax law proposals which were published in the Cyprus Government Gazette on 16 July 2015.

  

The amendments to Cyprus Tax Legislation are in an effort to modernise the framework of the Cyrpus tax system and improve Cyprus' competitiveness in attracting foreign investments.

 

The main provisions with respect to the various tax law amendments are briefly outlined in the attached "Cyprus Tax Update - July 2015" from AuditPro Services Ltd.  AuditPro is at your disposal to discuss how these developments may affect your business.

 

Please contact:

 

Michael Larkos, FCA

Director

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