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Cyprus tax

03.07.2014

The country with the most favorable tax regime in Europe is the Republic of Cyprus.. The study was conducted by the consulting firm KPMG and is based on a survey of experts in the field of taxes from more than 400 European companies.

Thus, the level of tax attractiveness of Cyprus amounted to 90 percent. In second place comes after Cyprus Ireland, followed by Switzerland and Malta. While the EU countries - Britain, France, Germany, Italy, Spain - occupy the bottom line in this list, it closes Greece, the level of tax appeal which was 14 percent.

According to the tax manager at KPMG Baltics AS Joel Zernaska, research shows that small countries are often characterized by a more favorable tax climate. "The governments of these countries are more focused on creating simple and effectively managed tax systems to attract investors," - he adds.

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