Amendments To The Income Tax Law And The Special Contribution For Defence Law

Cyprus has made a number of significant changes in its tax laws relating to the participation exemption, interest and mutual funds. The changes were made by Laws 110(I)/2009 and 111(I)/2009, respectively amending the Income Tax Law and the Special Contribution for Defence Law. All the changes are retrospective and will take effect from 1 January 2009.

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