OrbitaxProposed Tax Reform Submitted to Cyprus House of Representatives including Notional Interest Deduction and Dividend Exemption Restriction
|Proposed Changes|Cyprus
On 2 July 2015, the Cyprus Cabinet submitted proposed tax reform to the House of Representatives. The main reform measures are summarized as follows.
Notional Interest Deduction
A notional interest deduction would be introduced on new corporate equity investment in Cyprus resident entities, as well as permanent establishments of non-residents. The notional interest would be equal to the Cypr…
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