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TAXATION

TAXES IN CYPRUS

Cyprus offers a generous individual tax system, with the first EUR 19,500 of income exempt from income tax. 

Cyprus companies are taxed at a rate of 12.5% per year on corporate profits. A company levy of EUR 350 applies. 

Properties built within the past 5 years, or with a building permit dating to the past 5 years, are liable for VAT.

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