The Cyprus IP Box Regime’s Actual Tax Rate at Just 2.5%
On the 14th of October 2016, the House of Representatives approved legislative provision amendments to the current Income Tax Law whereby the new amendments will correlate the Cyprus IP Box regime (taxation of royalties) with the OECD and are effective as from 30th of June 2016. The recent tax legislative amendments brings solidity when reckoning taxation on royalties and facilitates investors to more accurately forecast their future tax projections. Furthermore, the new leg