carranzaantonio40

Well done to the people who made the purpose of their lives to help their fellow man in these difficult days since the appearance of the pandemic, well done to those who rush to help by contributing to this worthy cause. But there is a big 'but' in all of this .

The Cyprus parliament has passed a law amending the Income Tax Law to bring its provisions on taxation of income from the use or sale of intangible assets into line with the "modified nexus" approach.

For companies active in the development and licensing of intellectual property (IP) rights, efficient ownership structuring is vital. The direction of the relevant licence payment is also important so as to make transactions as tax efficient as possible.