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Cypriot government announces tax reform measures

|Tax Alerts, Legislation & Policy, Na ...|Cyprus
Cyprus

  • The proposed measures would increase the corporate tax rate from 12.50% to 15% and abolish deemed dividend distributions rules.
  • The current personal income tax rates would be maintained, with an increase in the bands.
  • Certain tax advantages would also be retained.
 

Executive summary

On 26 February 2025, the Economics Research Centre1 of the University of Cyprus presented its blueprint for tax ref…

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