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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