Address: 17 Yusuf Kaptan Street
K. Kaymaklı, Nicosia, TRNC
Phone: +90 392 229 0661 Fax: +90 392 228 8661
e-Mail: firstname.lastname@example.org - email@example.com
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The corporation tax rate applicable to both local and foreign companies is 10%. (Also companies are subject to 15% income tax which makes net 23.5%)
20% of the turnover obtained from export is exempt from corporation tax but this amount cannot exceed 80% of the net profit obtained from such exports.
Foreign taxes paid on profits derived from abroad can be deducted from TRNC tax on total profits.
Tax and Laws