All Cyprus VAT registered companies belong to a different VAT category depending on their business activities.
VAT categories are the below:
- A Trading Activities
- B Construction Activities
- C Provision of Services
In demanding marketplaces of our time, Intellectual property (IP) rights are essential for the survival of a business as they can provide the business with competitive advantages in its commercial activities.
As from January 1st 2019, Social Insurance Contribution Tax is increased from 7,8% to 8.3% for employers and employees and the new rate will be applicable for the next five years.
For self employeed individuals Social Insurance Contribution Tax is also increased from 14,6% to 15,6% and there are minimum and maximum limits depending on the profession or trade of the self-employed individual. These limits are set on an annual basis.
Subcategories
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