To attract investors and international business representatives, the Cypriot government has developed an attractive tax system. In particular, in 2016 the property tax was abolished here (previously it was 1.7% of the assessed value of the object). Corporate income tax is 12.5%, which is less than in other European countries. In 2015, Cyprus introduced a …
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Taxation in some European countries on domestic and worldwide income differs significantly. Tax on worldwide income may be minimal or zero. There may be no taxes on gifts, dividends, rental income, etc. There are significant tax benefits for businesses here in the form of refunds of the lion’s share of taxes paid. Of course, such …
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In order to transfer your taxes to a country that attracts you with low or zero tax rates, you must become a tax resident. As a general rule, in order to become a tax resident of the country you must meet the residency requirement of at least 183 days, and therefore you must have grounds …
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