Home / CY AIF Law of 2018 / PART ΙX: TAX PROVISIONS / [143] Tax provisions.

143.Tax provisions.

(1) An AIF that is governed by the provisions of Part II, an AIFLNP established and operating in accordance with this Law and the persons that acquire units of the above mentioned AIF are subject to the provisions of the Income Tax Law and the Special Contribution for the Defence of the Republic Law.

(2) The establishment of the AIFs referred to in section (1), the subscription, redemption or repurchase or the transfer of its units are exempted from the stamp duty provided for in the Stamp Duty Law. (i)

(3) The provisions of sections (1) and (2) shall also apply to RAIFs when they are subject to the taxation provisions∙ the unitholders of the RAIF are not subject to taxation for their profits or benefits from their participation in the RAIF, which have already been subject to taxation in accordance with these provisions.

(i) 19 of 1963, 21 of 1967, 36 of 1968, 17 of 1969, 26 of 1971, 38 of 1972, 79 of 1977, 29 of 1980, 8 of 1984, 160 of 1991, 60(Ι) of 1992, 68(Ι) of 1994, 1(Ι) of 1995, 9(Ι) of 1998, 121(Ι) of 2002, 222(Ι) of 2002, 179(Ι) of 2004, 209(Ι) of 2004, 130(Ι) of 2007, 152(Ι) of 2007, 173(Ι) of 2012, 92(Ι) of 2015, 211(Ι) of 2015, 136(Ι) of 2017, 99(Ι) of 2018