What are the Taxation liabilities?
The following are very brief notes about the most obvious forms of taxation. You are advised to seek professional advice to confirm this information and for more complicated personal situations, including self-employment or running a company. Double taxation agreements exist between Cyprus and most European countries. Cyprus Double Taxation Treaties exist with; Austria, Greece, Romania Bulgaria, Hungary, Russia* Canada, India, Slovakia China, Ireland, Sweden Czech Republic, Italy, Syria Denmark, Kuwait, United Kingdom Egypt, Malta, United States France, Norway, Yugoslavia** Germany, Poland N.B. Out of the 26 treaties concluded by Cyprus, only 4 countries (Canada, France, UK and USA) have exclusions regarding Cyprus offshore entities. However, even these treaties can be used advantageously with some creative and careful tax planning. Further information can be obtained upon request. * The treaty applicable is between Cyprus and the USSR, Armenia, Belarus, Kyrghystan, Moldova, Tajikistan
