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Cyprus Corporate Tax Rate

Constantinos Philippides
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Cyprus tax system has always been competitive, by entering the EU have helped the Island become a leading center of International Business.

Cyprus low tax allowed it to be a strong competitor with the rest of the EU countries.
Since January 2005 Cyprus Corporate Tax Rate stands at 10.0% of the companies net income.

Corporate Tax in Cyprus is reported by the Inland Revenue Department of the Republic of Cyprus from 1995 until 2013.
Corporate Tax Rate was averaging at 17.4% reaching an all time high of 29.0% in January of 2000 and a record low of 10.0% in January 2005.

Corporate Tax in Cyprus is collected from the companies and it’s amount is based on the net income companies obtain while exercising their business activities, normally in one business year.

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