In this article we share some points of the deductible expenses (excluded expenses) from the calculated income tax of a Cyprus company.
Cyprus tax resident with only 60 days stay in the island each year, benefits mostly individuals, business professionals and entrepreneurs that travel a lot.
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 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.