Personal Income Tax

An individual is tax resident in Cyprus if he/she is physically present in Cyprus for an aggregate period exceeding 183 days in the tax year (1/1/XXXX – 31/12/XXXX). Tax resident individuals are liable to tax in Cyprus on their worldwide income whereas non-resident individuals are only liable to tax on income accruing or arising in Cyprus. There are certain types of income which are exempt for tax purposes and allowances/deductions that decrease your personal income tax. For further details on these issues, please do not hesitate to contact us.

Personal Income Tax

The tax rates that apply to individuals are as follows:

Taxable Income Tax rate Amount of tax Cumulative tax
€ % € €
0 – 19.500 0 0 0
19.501 – 28.000 20 1.700 1.700
28.001 – 36.300 25 2.075 3.775
36.301 – 60.000 30  7.110 10.885
60.001 and above  35  –  –
Special Contribution