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Capital Gains Tax
The Capital Gains Tax (CGT) rate is set at a flat rate of 20% on the taxable gains arising.
Capital gains tax (CGT) is imposed on Cyprus companies when they have profits from the sale of:
- Shares of a company (which is not listed) and which owns immovable property in Cyprus (calculated on the value of the underlying property)
- Immovable property in Cyprus
As an exemption to the rule, companies which have as their main activity the buying and selling of land are not subject to CGT on the sale of immovable property but to corporation tax.
The taxable gain is the difference between the selling price and the total acquisition cost, plus related expenses, as inflated by indexation allowance.
Capital losses are set off against chargeable gains and any unrelieved losses are carried forward and set off against future chargeable gains.
More information about the Cyprus corporation tax:
Contact
Brochure
Office address:
Limassol, Cyprus 3036
Call for help:
MON - FRI
Mail for information:
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