Cyprus in international tax planning
As soon as Cyprus joined the European Union, the offshore regulations acting on the territory since 1977 ceased to exist. However, Cypriot companies are still very attractive for the purposes of tax planning due to the fact that Cyprus has the lowest income tax rate in Europe amounting to 10 percent, as well as a vast network of double taxation conventions with over 40 countries around the world.
News
26 April 2012
Benefits of the GDP of Russia joining the WTO in the medium term will amount to 3.3 percent of GDP. In monetary terms, this indicator will make around 49 billion dollars, according to the analysis of the World Bank reported in early April.
31 March 2012
European Central Bank gave banks of EU almost 600 million EUR. In European financiers’ opinion this important event of last weeks can make economy of Europe alive.
