Address: 17 Yusuf Kaptan Street
K. Kaymaklı, Nicosia, TRNC
Phone: +90 392 229 0661     Fax: +90 392 228 8661
e-Mail: -
Corporation Tax
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