Amendments of the Cyprus IP Box tax regime

Amendments of the Cyprus IP Box tax regime

The provisions of the Cyprus Tax law for the treatment of intangible assets have been amended on 14/08/2020, retrospectively from 01/01/2020. The amendments as explained below they enhance the attractiveness of the regime by: abolishing any tax on the gain realized on the disposal of the intangible assets (even on the capital allowances claimed as tax deduction) and; provide flexibility to taxpayers on the claim […]

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Setting a principal Intellectual Property (IP) Company in Cyprus – Tax and Transfer Pricing Considerations.

Setting a principal  Intellectual Property (IP) Company in Cyprus – Tax and Transfer Pricing Considerations.

For many businesses, their IPs is the main profit driver. This is more prominent in the digital era and economy in nowadays. The IP is amongst the main reasons why some businesses differentiate from the competition or why some products/services are sold at a higher price. IP comes into different forms such as patents, licenses, software and other non-obvious legally protected IPs. Tax considerations are […]

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Premioconsult joins Pride Partners International (PPI)

Premioconsult joins Pride Partners International (PPI)

Our firm joinedPride Partners International ™ a global association of transfer pricing and financial valuation consulting firms with a presence in most entrepreneurial markets around the globe. Through membership our firms strengthen its position and expands the geographical coverage of its transfer pricing and valuation services to Multinational Enterprises (MNEs). Pride Partners International (https://pride.partners/ )  is comprised of transfer pricing and valuation services experts as […]

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Amendments to the NID regime Cyprus

Amendments to the NID regime Cyprus

Amendments in the Cyprus Notional Interest Deduction (NID) rules. On 16/06/2020 the amendments on the NID rules were published in the official gazette of the Republic of Cyprus. The major amendments are as follows: From 1 January 2020 the annual NID rate is the 10-year government bond of the country that the funds are invested in the business of a company plus 5% instead of […]

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