FINMIN - CORPORATE TAX - EU
The government and the Finance Ministry are making continuous efforts to avoid great challenges and traps which may come from the EU, in relation to a proposed increase of corporate tax in Cyprus, Finance Minister Charilaos Stavrakis has said. A possible corporate tax increase of the existing 10% rate ``would be destructive to our economy... we have many foreign companies which are registered and operate in Cyprus, enjoying low tax rates,`` Stavrakis said, addressing a gathering on Value Added Tax.
``This is a position which the government will defend and fight for with all its strength,`` Stavrakis added. Concerning the economy, Stavrakis said that the 1.7% growth rate projected by the IMF`s World Outlook 2011 compared with the Finance Ministry`s more conservative estimates for a 1.5% growth rate is satisfactory.
政府和财政部正在不断努力，以避免在有关塞浦路斯的企业所得税中建议增加巨大的挑战和陷阱，可能来自欧盟，财政部长Charilaos Stavrakis说。 一种可能的现有企业10％的税率``加税将破坏我们的经济... 我们有许多是在塞浦路斯注册和经营，享受低税率的外国公司，`` Stavrakis说，解决对价值聚会增值税。
``这是一个位置，政府将捍卫和争取一切力量，`` Stavrakis补充说。 关于经济，Stavrakis说，1.7％的增长速度由国际货币基金组织预计2011年'的宇宙观与财政部`S为1.5％的增长速度较为保守的估计是令人满意的。