_CyprusTaxFacts2009_66x69_290109.jpg "Cyprus Tax Facts 2009")
The information in the booklet is designed to increase the reader's general awareness of the Cyprus Tax System and is accurate as at the date of its publication.
© 2012 Deloitte Limited.
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity.
Please see About Deloitte for a detailed description of the legal structure of Deloitte Touche Tohmatsu Limited and its member firms. Please see Legal for copyright and other legal information.
Tax
The information published in these booklets is accurate as at the date of publication.
Publications
_CyprusInternationalTaxAndBusinessCenter_66x69_310310.jpg "Cyprus International Tax and Business Environment")
_CyprusEUVATSolutions_66x69_290109.jpg "Cyprus in the EU VAT Solutions")
Cyprus Tax News
The new treaty between Cyprus and the Czech Republic signed earlier this year that will replace the previous 1980 treaty with the then-Czechoslovakia has been ratified.
Cyprus Tax Alerts
Cyprus has introduced new provisions to apply retroactively from 1 January 2009 which are good news for portfolio investors and Collective Investments Schemes. The amendments also abolish the provisions which sometimes lead to a maximum of 15% effective rate of tax on interest income, now ensuring the maximum is 10%.
Cyprus signs a new Protocol to its tax treaty with Italy to include the current OECD model treaty article on the exchange of information and a new treaty with the Czech Republic to replace the existing treaty dating from 1980.
The Cyprus-Russia Tax Alert April 2009 was written jointly with the Deloitte Moscow office regarding the new Protocol to Cyprus-Russia Tax Treaty signed in April 2009 and the removal of Cyprus from the Russian "Blacklist".