Cyprus is still the TOP CHOICE for Corporate
The main points of the Troika bail –out/ bail-in plan for Cyprus have been finalized, putting an end to the continuous speculations of commentators. The bail-out/ bail-in plan focuses on minimizing the expenses of the public domain by, among other provisions, reducing salaries, freezing hiring and terminating the provision for thirteenth salary. Another main section of the bail-out plan has been the increase of public income by an increase of the taxes of luxury products such as alcoholic drinks and smoke products, an increase which again will affect only locals. An increase of the corporate tax by 2,5% is anticipated within...
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