In February 2022, Russian dictator Putin launched an invasion of neighboring Ukraine. In this ongoing war, tens of thousands of innocents have perished, many brutally slain by Russian war criminals. We view this conflict as a struggle between oppression and freedom,...
In the ever-evolving realm of global tax policy, the European Council’s recent update to the EU list of non-cooperative countries for tax purposes casts a new light on the intricacies of international business, particularly for CEOs of small and medium-sized...
Cyprus has developed a favorable regulation on the taxation of intellectual property (IP), which is now fully in line with international developments in relation to the proper treatment of license revenues and the OECD guideline. Up to 80% of the license income is...
As we did write in our post regarding Cyprus tax, corporate entities, under certain circumstances, can deduct a hypothetical interest on the paid-up capital of the company. This deduction lowers the taxable profit of the company. The interest is calculated either on...
Recent developments highlight the importance of substance for companies in Cyprus who wish to operate and benefit from the advantageous Cypriot tax rates. A lack of substance can mean that the benefits of having a presence in Cyprus disappear – and also that the...
