Monthly Archives - October 2016

Amendments on the Cyprus “intellectual property box”

Christos Paraskevas2019-04-29T23:11:15+01:00 The Cyprus parliament has passed a law amending the Income Tax Law to bring its provisions on taxation of income from the use or sale of intangible assets into line with the “modified nexus” approach. This approach, which was agreed by G20 leaders towards the end of 2014 and adopted by the OECD and the EU, allows a taxpayer to benefit from an intellectual property taxation regime, commonly known as an IP box, only to the extent that it can show...