End of each month Payment of PAYE deducted from the employees salary in the preceding month Payment of Special Defence Contribution withheld from rental payment by a company, partnership, the state or local authority in the preceding month Payment of Special Defence Contribution on dividends and interest received in the preceding month 31 January Submission of deemed dividends distribution declaration (IR 623) for the tax tax year 2014 31 March Electronic submission of 2015

The recent introduction of the non-domicile regime allows an individual relocating to Cyprus to have dividends and interest completely tax e

Cyprus enacted an innovative scheme in order to attract foreign investments to Cyprus through a non-EU country. The scheme is aimed at investors, either individual or group, who wish to found an innovative business in Cyprus. The plan invites third-country nationals with start-up capital of at least €50,000, undergraduate-level education and are fluent either in Greek or English, to set up their headquarters and their tax residence in Cyprus, provided their proposed business

The Cyprus Company can provide a tax-efficient way to initiate international business. A Cyprus Company is taxed as described below and if correctly structured, can be designed to take advantage of the extensive tax treaty network signed by Cyprus. Taxation - All companies that are tax residents in Cyprus are taxed at a rate of 12.5% on their income accrued or derived from all sources in Cyprus and abroad. A non-Cyprus tax resident company is taxed on income accrued or derive