Generous New Intellectual Property Regime in Cyprus

The Cyprus Income Tax Law now provides generous tax exemptions related to (IP). More specifically:

  1. 80% of any income generated from IP owned by Cypriot resident companies (net of any direct expenses) will be exempt from income tax;
  2. 80% of profits generated from the disposal of IP by Cypriot resident companies (net of any direct expenses) will be exempt from income tax;
  3. the definition of IP includes all intangible assets, including copyrights, patents and trademarks;
  4. any expenditure of a capital nature for the acquisition or development of IP will be claimed as a deduction in the tax year in which it was incurred and the immediate four following years on a straight-line basis.

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