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BEPS Action 5: OECD framework for preferential IP tax regimes.
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Capital Gains Tax (CGT): 20% tax on profits from real estate in Cyprus.
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Cap 113: Companies Law of the Republic of Cyprus.
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Corporate Tax Rate: 12.5% on taxable profits.
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DAC6: EU Directive on cross-border tax arrangements.
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Directors’ Resolution: Written board decision without a meeting.
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Economic Substance: Actual company presence (offices, staff).
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HE1: Compliance statement of the memorandum.
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HE2: Statement of company registered office.
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HE3: Declaration of directors and secretary.
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HE32: Annual report with financial statements.
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IP Box: 80% exemption on IP profits – effective tax ~2.5%.
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Knowledge Development Box: Irish IP regime at 6.25%.
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KYC: Know-Your-Customer – banking identification check.
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MiCA: EU regulation on crypto-asset markets (2025).
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NID: Notional Interest Deduction – deemed interest on equity.
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Nexus Ratio: Calculation of eligible profit for IP Box.
- Non-Dom: Tax resident exempt from SDC for 17 years.
- OSS: One-Stop-Shop VAT for digital B2C services.
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PAYE: Pay-As-You-Earn – payroll tax withholding.
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Provisional Tax: Tax prepayments (31/7 & 31/12).
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Registrar of Companies: Department of the Registrar of Companies.
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SDC: Special Defence Contribution – tax on passive income.
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Social Insurance: Cypriot social contribution system.
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Strike-Off: Company removal without liquidation.
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Substance Test: OECD/G20 check for actual presence.
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T.I.C.: Tax Identification Code – VAT number.
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Tonnage Tax System: Alternative shipping taxation.
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Transfer Pricing: Rules for intra-group pricing transactions.
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UBO: Ultimate Beneficial Owner.
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VAT: Value Added Tax – 19% standard.
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VIES: EU VAT verification system.
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Work Permit Category C: Work permit for startup visa founders.
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XBRL: Electronic financial statement format.
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Yield Curve: Reference interest rate index for NID.
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Zero-Rated Supply: Sale with 0% VAT – exports.
