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DID YOU STAY IN THE REPUBLIC FOR A PERIOD OR PERIODS EXCEEDING IN AGGREGATE 183 DAYS? If your answer is YES, you should declare your WORLDWIDE income in this Return. If your answer is NO, you should only declare your income arising in Cyprus.
Trade, Industry, Profession etc.
Income from Partnership
Profit from sale of securities
Salaried services and benefits in kind
Pensions
Rental Income
Rent of Preserved Building
Interest receivables
Dividends
Redemption of life insurance policies
Income from a permanent establishment abroad (>90 days)
Any other income
TOTAL INCOME
Interest receivables
Dividends
Widow pension
Widow pension: If granted under the Social Insurance Laws or in accordance with any pension scheme approved under regulations
Lump sum received from retiring,life insurance etc.
Lump sum received: * Lump sum received as retiring gratuity, commutation of pension, death gratuity or as consolidated compensation for death or injury
* Lump sum repayment from life insurance schemes or from approved provident funds
Profit from sale of securities
Rent of Preserved Building
Income from a permanent establishment abroad (>90 days)
Are you entitled to the 20% allowance due to first employment in Cyprus?
First Employment: Remuneration from any office or employment exercised in the Cyprus by an individual who was resident outside the Cyprus before the commencement of his employment then an exemption of 20% of the remuneration with a maximum amount of €8.550 annualy is allowed. The exemption applies for a period of three years from 1st January following the year of commencement of his employment.
Amount allowed
Are you entitled to the 50% allowance due to first employment in Cyprus?
Amount allowed
TOTAL EXEMPTIONS
Trade union contributions
Professional subscriptions
Donations to approved charitable organisationsCapital allowancesExpenses for the maintenance of buildings under preservation order
Attach certificates / receipts only for donations over €300. For donations of a lesser amount you should keep the certificates / receipts to submit when requested
20% of Rental income
Interest on rented property
Interest for the acquisition of fixed assets
Capital allowancesExpenses for the maintenance of buildings under preservation order
If financial statements are prepared by the individual
Loss of current year and previous years
Expenses for the maintenance of buildings under preservation order
Up to €700, €1.100 or €1.200 per sq. m. (depending on the size of the building)
Other Deductions
TOTAL DEDUCTIONS
TOTAL NET INCOME
Social insurance fund contributions(Salary x 8.3%)
National Health System(1.7%)
Provident fund contributions
Private Medical fund
Maximum 1% of remuneration
Life insurance premiums
Calculated Life insurance premiums
Sum assured
Other allowances
TOTAL ALLOWANCES
TOTAL TAXABLE INCOME
Income tax payable
Special Defence Contribution
Interest receivables
Dividends
Rental Income
TOTAL TAX PAYABLE
Any foreign taxes paid on income subject to income tax will be credited against your income tax payabe.

PERSONAL TAX RATES
Chargeable income (€) Tax rate (%) Accumulated tax (€)
0 - 19.500 Nil Nil
19.501 - 28.000 20 1.700
28.001 - 36.300 25 3.775
36.301 - 60.000 30 10.885
Over 60.000 35
Foreign pension is taxed at the rate of 5%. An annual exemption of €3.420 is granted.