Cyprus to raise corporate income tax to 15% for all companies

[dandiskahn]

How come nobody is talking about this? It's huge!

https://knews.kathimerini.com.cy/en...rhaul-aims-to-boost-economy-but-sparks-debate

Initially it should have been only for companies with a 750M+ turnover but it's been extended to everyone.

In my opinion it makes Cyprus much less attractive compared say to Malta and Ireland in the EU.

 

[marioIT]

2.5% more tax in the grand scheme of things is not a lot, you could add some expenses to offset it... if you really live there.
but yeah, I never fully trusted cypriots. the place is nice, food is ok, taxes are ok, but there are too many communists parties and supporters around to sleep safely long term.
If you can, get out of EU.