Cyprus refused to increase the corporate tax.

  • 08 august 2019 - 11:43:36

On August 7, a meeting of representatives of business circles of the Republic of Cyprus was held in Nicosia, who unanimously refused to support the idea of the Ministry of Finance on corporate tax to increase from 12.5% to 15%.

“There will be no tax increase in Cyprus,” said the head of the Ministry of Finance, commenting on the situation for Sigma, “on the contrary, there will be a significant reduction in the amount of up to 30 million a year!”


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