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Next steps for Cyprus on minimum corporate tax
July 12, 2021
The Cyprus government is already at work to find a solution for the country on the OECD minimum corporate tax proposal that has been agreed to by the G7 and G20 political forums.
On June 11, major stakeholders including the Institute for Certified Accountants, the Cyprus Bar Association, the Cyprus Employers and Industrialists Federation – just to name a few – met with Cyprus Chamber of Commerce and Industry (CCCI) officials in an effort to draft a proposal for the finance ministry.
“The object,” explains Leonidas Paschalides, director of the International and Public Relations at the CCCI, “is to manage eventual increases in the tax burden on companies here.” The work of this group continues with the finance ministry.