Cyprus tax information

tax assessment
/

Temporary Tax Assessment 2026

Προσωρινή Φορολογία – Temporary Tax Assessment 2026 EN text is Following Temporary Tax Assessment 2026 In accordance with the Assessment and Collection of Taxes Law, all companies / self-employed individuals are required to notify the Commissioner of Taxation of their estimated chargeable income, and consequently their resulting temporary tax for the year 2026. Based on the temporary tax computation, tax is payable in two equal instalments as follows: Provisional tax instalments Statutory deadline Effective deadline (no penalty / no interest) 1st instalment 31 July 2026 31 August 2026 2nd instalment 31 December 2026 31 January 2026   The abovementioned payments can only be done via the online Tax Portal of the Tax Department (https://taxportal.mof.gov.cy). Important notes: Non-payment on the due dates entails payment of interest at the rate of 3,50% per annum.…
/

Cyprus Tax Highlights 2024

Cyprus Tax Highlights 2024 Principal business entities: These are the public and private limited liability company, partnership and branch of a foreign corporation Tax year: 1 January till 31 December (calendar year) Accounting principles / financial statements: Financial statements must be prepared annually in compliance with the IAS/IFRS Individual taxation 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 Capital gains tax rate 0% / 20% Cyprus tax residents are taxed on all chargeable income accrued or derived from all sources in Cyprus and abroad. Non-tax residents are only taxed on their income accrued or derived from sources in Cyprus. Certain types of income are subject to…