Cyprus Tax for Property Buyers
1. INTRODUCTION
The House of Representatives of Cyprus approved a tax reform in
July 2002 (Law No. N118 (I) 2002), which has been effective
since January 1, 2003. This tax reform aims to conform to the
standards of the European Union and the EU code of conduct, as
well as abide by its commitment to the Organisation of Economic
Cooperation and Development (OECD) to eliminate harmful tax
practices.
The main features of the tax reform are the following:
2. CORPORATION TAX FOR ENTITIES