Tax incentives bring 5,000 top executives to Cyprus — PwC
Two tax bills being read in the Cyprus Parliament currently offer significant possibilities to bring talent to Cyprus, according to Antonis Christodoulides, PwC Partner, Tax Advisory, who says they have been quite successful.
“These types of measures are a net gain to the local economy in general and the government budget in particular. They attract new taxpayers and help raise tax revenues that, in the absence of such programmes, the government would not have been able to raise. As both measures apply to employment exercised in any sector of the economy, it is considered to be a potent tool towards attracting talent from abroad to be employed across a wide range of economic activities in Cyprus,” Christodoulides explains.