TAX LAW AND INTERNATIONAL TAX PLANNING
POLYMAGE CONSULTING is able to assist the clients in structuring their international cross-border activities in the most tax-efficient manner and provide them with effective handling of tax disputes.
Cyprus is a unique jurisdiction in the World for international tax planners as per low tax regime coupled with number of double tax treaties, stable laws implemented by European Union legislation and well-developed banking infrastructure.
The major advantages of tax planning in Cyprus are as follows:
- Cyprus is EU Member
- Corporate tax of only 10%, the lowest in the EU and sufficiently lower than in CIS countries
- Tax relief for group losses
- Implementation of EU legislation such as: EU Parent Subsidiary Directive; EU Mergers Directive
- Extensive number of Double Tax Treaties – around 50 as of 2012