ICPAC provides 14 new offers for the Cyprus Tax System

The Cypriot Institute (ICPAC) presented a certificate of Certificate (ICPAC), the tax reform, including Makis Keravnos, including 14 new proposals, including the tax system.

The proposals were made as part of a recent consultation based on the recommendations of the University of Economy Research Center.

ICPAC offered measures such as incentives for tax loss, returnable tax credits, intellectual property Nexus mode and foreign investment funds.

These proposals are part of the ICPAC reaction in response to the government’s tax package, which restricts the tax burden in taxpayers and institutions, strengthening the tax base of the institute.

In addition, the ICPAC stressed callers to reduce the bureaucracy, reducing the bureaucracy, reducing the predictable tax framework.

ICPAC stressed: “In recent years, we will surely see the proposals that will definitely increase the cost of administrative compatibility for small and medium enterprises that make up the spine of the Cyprus economy.”

The Institute also supports the cancellation of 5% of the 5% detention tax for topical dividends for CIP inhabitants in Cyprus in Cyprus.

ICPAC said: “Our main position is to increase the country’s internal infrastructure, processes and operations (taxes) and the proposed product, as well as quality position and quality of choice and quality as a place of choice and quality.)

The institute asked for more information on a higher tax rate on anti-abuse measures for several points, including hidden dividends distributions and closely established companies.

ICPAC also stated the reservations on the lifting of corporate coatings and adapting salaries to market prices in need of legal clarity and proportionality.

Dom agrees in the ICPAC principle in non-DOM mode, but more information and more information in the calculation of the annual payment after 17 years.

In addition, the ICPAC emphasizes that the ICPAC needs more target events while supporting the recommendations for green transition and digital transformation.

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