Cyprus: Investing in an innovative business

ConstantinosCorporate Income Tax, Cyprus tax, Personal Income Tax0 Comments

Recently the Cyprus Income Tax Law was amended so that the cost incurred by a person for the purchase of shares in an innovative business to be deductible for tax purposes. Through this incentive, the government is effectively promoting the investment in innovative companies. According to the law, the term “innovative business” means the business: (a)  which can demonstrate, through … Read More