Lowtax Network

Back To Top

Your Lowtax Account

Capital gains tax for holding companies

Asked in Offshore (General) for Cyprus

0
Hi all ,

What is the capital gains tax for the sale by a Cyprus holding company of the shares held in a foreign company ?
 
Tax Holding company Cyprus
 
Posted by Lowtax user on May 07, 2012 at 14:48
 

Comments

You must Login to comment

 

Answers

0
Good day,

there is no capital gains tax regarding the sale of shares, as shares do not fall under CGT in Cyprus.

But for further information do contact with me directly, as there are other parameters which should be considered, at dkoutsoftas@auditassistpro.com

Regards
Demetris
 
Posted by Lowtax User on Jun 08, 2012 at 13:20
 

Comments

You must Login to comment

 
0
Hello,
There are not taxes on the sale of shares of a foreign Company.
For further information please contact at antonis@atca.com.cy
 
Posted by Lowtax User on Aug 30, 2012 at 06:15
 

Comments

You must Login to comment

 
0
In case any of readers would like to know if these answers still apply: there is still no CGT in Cyprus on sales of securities (including shares of foreign companies).

PS: it does not matter if the shares of that company are listed on the stock exchange or not.

 
Posted by Cezary-Zieniuk(www.ibccs.tax) on Jan 17, 2015 at 15:29
 

Comments

You must Login to comment

 
0
As discussed before there is no tax unless the disposed entity held immovable property in Cyprus. Assuming that this is the core business of the Company, the Cos admin and banking expenses should also restricted during the tax computation of the seller. if the consideration for the shares sold is not paid during a reasonable time frame there is the probable risk that CTAs will impose deemed interest in accordance with arm's length provision as it will consider this as a free financial facility to a related party.
 
Posted by Commodum Audit Limited on Dec 23, 2015 at 21:31
 

Comments

You must Login to comment

 
 

Your Answer

You need to be logged in to answer questions. Login or Register

Edit Question

Cancel Save

Edit Answer

Cancel Save

Type the id of the answer to move the comments of:

WARNING - Make sure the ID is correct, or the answer/comment may become lost
Move
Cancel