Published in Cyprus Taxation
Where an individual is a resident in Cyprus, tax is imposed on income accruing or arising from sources both within and outside the Republic of Cyprus.
If an individual is not a resident of Cyprus, tax is imposed only on the income accruing or arising from sources within Cyprus.
Published in Cyprus Taxation
Immovable property tax is imposed on the market value of immovable property as at January 1st 1980 and it applies per owner, not per property. Property owners whose property has a total value of €12.500 or less are exempt from Immovable Property Tax.
Published in Cyprus Taxation
Residents of Cyprus are subject to defence contribution on the sources of income outlined below.
Published in Cyprus Taxation
Any company that is considered to be a resident in Cyprus is taxed on its income accruing or arising from sources within and outside Cyprus.
A company is considered to be a resident in Cyprus if it is managed and controlled in Cyprus.
A company that is not a resident in Cyprus is taxed only on income accruing or arising only from sources in Cyprus.