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Cyprus Private Aircraft Regime

Cyprus Private Aircraft Regime

The Cyprus Private Aircraft Regime was introduced in 2015 making Cyprus one of the most attractive jurisdictions for private aircraft registration in the EU.

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KPMG in Cyprus

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The Cyprus Private Aircraft Regime was introduced in 2015 making Cyprus one of the most attractive jurisdictions for private aircraft registration in the EU. On the basis of the guidelines issued by the Cypriot Tax Authorities, the effective Tax rate is reduced to as low as 5%.

The Cyprus Private Aircraft Regime focuses on aircrafts which are mainly used for private and not for business purposes. The CPAR adopts the general place of supply rules together with the special effective use and enjoyment provisions incorporated in the Cyprus VAT Act.

KPMG and the KPMG logo are registered trademarks of KPMG International Cooperative ("KPMG International") a Swiss entity. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act upon such information without appropriate professional advice after a thorough examination of the particular situation. The views and opinions expressed herein are those of the author and do not necessarily represent the views and opinions of KPMG International Cooperative ("KPMG International") or KPMG member firms.

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