Tax

October 2015

Cyprus Enacts Proposed 2015 Tax Reforms

In an effort to accelerate growth and attract foreign investment on 9th of July 2015, the House of Representatives voted a number of amendments to the Income Tax Law, the Defence Tax Law, Capital Gains Tax Law as well as to the legislation regarding the transfer fees. The changes proposed are very positive for the international investors who do business through Cyprus and create a new dynamic for the island. Cyprus Enacts Proposed 2015 Tax Reforms