Concerns Over the Implementation of 15% Corporate Tax in Cyprus
November 2, 2024
Cyprus may face challenges due to the implementation of a 15% corporate tax on multinationals with revenues over €750 million. Professionals are calling for alternatives to mitigate the impact on 1,900 companies operating in the country. They argue that the legislation's implementation could harm Cyprus's image and lead to companies leaving. Attention is required as countries like the USA and India have not adopted this tax.