Disclaimer: Any tax advice herein is based on the facts provided to us and on current tax law in Cyprus, including judicial and administrative interpretation. Tax law is subject to continual change, at times on a retroactive basis, and may result in incremental taxes, interest or penalties. Should the facts provided to us be incorrect or incomplete or should the facts or assumptions change, our advice may be inappropriate. We are not responsible for updating our advice for changes in law or interpretation after the date hereof.