close
Share with your friends

Amendments to the Capital Gains Tax Law

Amendments to the Capital Gains Tax Law

The Cyprus Capital Gains Tax Law has been amended to clarify that the disposal of property does not include the donation of immovable property to a political party.

1000

Related content

tax-puzzle

The Cyprus  Capital Gains Tax Law has been amended to clarify that the disposal of property does not include the donation of immovable property to a political party.

The amendments further clarify that the term “political party” is defined in accordance with the provisions of the Political Parties Law and is registered with the relevant body of the Central Elections Service of the Cyprus Ministry of Interior.

The new provisions apply as of 30/7/2018.

© 2020 KPMG Limited, a Cyprus limited liability company and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.

KPMG International Cooperative (“KPMG International”) is a Swiss entity.  Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.

Connect with us

 

Want to do business with KPMG?

 

loading image Request for proposal