The deadline for the tax return form for self-employed individuals is near.
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.