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Cyprus Tax Residency and Non – Dom rules
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Cyprus Tax Residency and Non – Dom rules

Cyprus Tax Residency and Non – Dom rules About Cyprus Cyprus boasts a rich, complex history spanning over 9000 years. Its strategic location in the eastern Mediterranean at the crossroads of Europe, Asia and Africa played a very important role. Over the centuries various civilizations (Mycenaeans, Assyrians, Persians, and Romans) have inhabited the island, each leaving a lasting mark on its culture and architecture. Its natural resources, particularly copper and its fertile land which supported agriculture both influenced its economic prosperity. All these elements – trade, resource wealth and agriculture and location – collectively influenced Cyprus’s development over the years. In more recent time and with more than 40 years of experience as an international business centre, the following factors make Cyprus one of the most attractive international business hubs…
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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…