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Amendments to the Cyprus Tax Legislation

In an effort to improve the tax system in Cyprus and make it more attractive to foreign investors, the Government of Cyprus has been working closely with the private sector over the last few months in order to modernise the framework of the tax legislation of Cyprus.

Through this reform package, Cyprus tax system will become more fair, simple and competitive.

The provisions of the new laws described below have been voted by the House of Representatives on 9 July 2015 and published in the Cyprus government gazette on 16 July 2015.

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