Quote:
Originally Posted by Odin
Thank you u-Bob, I wasn't exactly clear on that, so your reply helped. Any idea what the reasoning is for why so many Adult companies are choosing Cyprus over Gibraltar? Gibraltar, particularly now I am aware of exemption from VAT, is a hell of a lot more straight forward.
|
Its not because of VAT, there are many other taxes. Cyprus is one of the lowest tax EU country in EU. Thats why many people choose it. There are +- 6 kind of taxes for a company (only one of them is VAT) and combination of those 6 taxes is most likely best (or its in top 3 EU) in Cyprus. Thats why many people choose Cyprus.