deductible expenses

In this article we share some points of the deductible expenses (excluded expenses) from the calculated income tax of a Cyprus company.

tax return deductions- expenses

Expenses incurred wholly and exclusively for the acquisition of income are deductible in calculating taxable income.

non domicile cyprus

Cyprus tax resident with only 60 days stay in the island each year, benefits mostly individuals, business professionals and entrepreneurs that travel a lot.

company expense deductions

Cyprus tax favors companies in various ways but here is some of the most important advantages offered. Expenses incurred wholly and exclusively in earning taxable income are deducted for corporate tax purposes.

Cyprus tax exemptions and deductions

Cyprus tax regime is very attractive for professionals but of course for enterprises operating all around the world. The advantages and deductions offered place Cyprus’s Tax regime as one of the most attractive and most competitive worldwide.