Cyprus tax system and international tax planning

This bachelor thesis is concerned with the identification of tax factors that lead to the use of international tax planning in the case of Cyprus. The theoretical part is not only devoted to tax planning but also highlights the issue of double taxation, more precisely double taxation contracts, and the most common fight against tax planning. It also describes the Cyprus corporate tax system together with the specifics of its use for international tax planning. The practical part illustrates four model examples with different ownership structures set in different jurisdictions. The Czech Republic and Austria have been included for comparison purposes. Finally, the paper concludes with a table and a graph showing the ratio of total tax liability to the profit of the ownership structure and summarizes the findings.