Cyprus weighs transitional fix for stock option plans

A legislative proposal submitted by Disy and Diko aimed at providing transitional relief for legacy stock option schemes was discussed before the House Finance Committee this week.

The proposal focuses on incentive schemes implemented by Cypriot companies prior to the tax reform, during a period when the conditions for inclusion in the special taxation regime had not yet been defined.

Under the proposed framework, the Tax Commissioner would be granted discretionary authority...