Personal Income Tax
Posted on: September 26, 2018, by : adminTax resident in Cyprus is considered the person staying in Cyprus for an aggregate period exceeding 183 days in the tax year. 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.
The tax rates that apply to individuals are as follows:
Corporation Tax
A company managed and controlled in Cyprus, is considered tax resident in Cyprus and is liable to tax on income arising both from sources within and outside the Cyprus. A company which is not tax resident in Cyprus is liable to tax on income arising from sources within Cyprus only.
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