Businesses registered in the country as "Local companies" are subject to 25% income tax.
Businesses that are classified as foreign companies
Regardless of whether they are registered in the country or not, 25% of the income received from trade or from any other type of activity on the territory of the TRNC is also taxed.
Auxiliary grants for the establishment of an enterprise and subsequent annual ones are deducted before the company's income tax is calculated.
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