The inclusion of Cyprus does not affect the commercial and economic relations between the two states, nor the business activities between Cypriot and Greek companies.<\/p>\n
<\/p>\n
Since 2014, Cyprus has been on the list of states with preferential tax status of the Hellenic Republic, the Ministry of Finance states in a statement, which notes that this does not affect the commercial and economic relations between the two states.<\/p>\n
The Ministry reports that the Independent Public Revenue Authority of the Hellenic Republic published on December 27 the updated list of states with preferential tax status, which includes the Republic of Cyprus, along with 41 other jurisdictions.<\/p>\n
As stated by the Ministry, the Republic of Cyprus has been included in the mentioned list since March 7, 2014, as long as the conditions for its inclusion are met, based on Greek legislation. According to it, the list includes the states whose tax rate on profits or incomes or capital is equal to or less than 60% of the tax rate of legal persons and legal entities, according to Greek tax legislation.<\/p>\n
Therefore, since the corporate tax rate in Cyprus is 12.5% and is less than 60% of the corresponding corporate rate of the Greek Authorities (22%), Cyprus has been included in the list since 2014.<\/p>\n
Along with the Republic of Cyprus, the Greek list also includes other European states such as Ireland, Hungary and Bulgaria, although none of the mentioned states are included in the European list of non-cooperative jurisdictions, since the inclusion criteria are not based on the corporate tax rate but in criteria related to tax transparency, information exchange and fair taxation, the Ministry clarifies.<\/p>\n
Finally, he notes that the inclusion of Cyprus does not affect the commercial and economic relations between the two states, nor the business activities between Cypriot and Greek companies.<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
The inclusion of Cyprus in the list of countries with a preferential tax regime by the Greek Republic does not affect the trade and economic relations between the two countries, nor the business activities between Cypriot and Greek companies.<\/p>\n","protected":false},"author":2,"featured_media":810,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"Default","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4],"tags":[186,33,3,112],"class_list":["post-809","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cyprus","tag-business","tag-companies","tag-cyprus","tag-iiiiiiiii"],"acf":{"keyphrase":"","keywords":"","sourceimg":"","country-category":""},"yoast_head":"\n