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Exempt It should be noted that the SDC Law provides that when a Cyprus-domiciled person transfers assets to a non-domiciled relative (up to the third degree), it is then up to the Commissioner to decide whether the transfer was performed for tax avoidance, in which case the income deriving from the said assets will be subject to defence tax. Cyprus, a Prime Tax Destination Cyprus was not the first country to apply the Non-Domiciled Individual concept. Countries such as Ireland, Malta and the United Kingdom have also adopted similar tax concepts. For example, while in Cyprus one can only uphold the ....