Tax exempt financial instruments

ConstantinosCirculars, Corporate Income Tax, Cyprus tax0 Comments

In accordance with the Cyprus Income Tax Law, section 8 (22), profit from the disposal of titles is exempt from tax. For the purpose of the interpretation of the term ‘titles’, the tax office issued circulars 2008/13 & 2009/6 specifying the financial instruments considered by the tax office as falling within this definition: 1. Ordinary shares 2. Founder’s shares 3. … Read More