Legal Corporate Tax Cyprus
Legal corporate tax Cyprus is a term used to suggest the level of legal and corporate tax that is employed in Cyprus at any given time. The offshore regime in Cyprus has changed as part of the island's accession to the EU, and as a result of agreements with the Organisation for Economic Cooperation and Development (OECD). The 10% corporate tax gives Cyprus the lowest rate in the EU. This chimes in well with the legal corporate tax Cyprus.
Cyprus imposes corporation tax on 'companies': this term includes all companies incorporated or registered under any Cyprus law, and any foreign company which carries on business or has an office or place of business (permanent establishment) in Cyprus. Legal corporate tax on the island is well defined by solicitors in Cyprus. Tax benefits apply wherever Cyprus tax law is applicable.