TAX

A new tax system has come into force in Cyprus as of 1 January 2003. The amendments to the tax scheme have been necessary in order for Cyprus’ application to join the European Union to be compliant with the Code of Conduct and with the OECD’s recommendations against harmful tax practices.

It is essential to seek appropriate professional advice in regards to the changes in the taxation scheme. Careful tax planning and expert advice can be provided by Totalserve to maximize the attractiveness of Cyprus for those who seek to take advantage of the opportunities created by the recent changes in some instances. click on TOTALSERVE LINK to obtain further information.