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Tax in Cyprus

Click for Tax in Cyprus as a Resident Individual

An individual is Non-resident in Cyprus if he/she spends less than 183 days in Cyprus in a calendar year.
All the facts and figures mentioned in the link above for resident individual will also apply to a non-resident individual. However, the following should be borne in mind:

1. Only income derived from sources in Cyprus is subject to Income tax
2. Any income arising in Cyprus of a Non-resident individual is exempt from Defence tax other than rental income, which is subject to Defence tax.
   
   Click for Tax in Cyprus as a Resident Company

Note: A company is Non-resident in Cyprus if it is managed and controlled from abroad.

All the facts and figures detailed in the link above for a resident company will also apply to a non-resident company. However, the following should be borne in mind:

1. Only income arising in Cyprus is subject to 10% Income tax
2. Any income arising in Cyprus of a Non-resident company is exempt from Defence tax other than rental income, which is subject to Defence tax.

For further information email info@wowcyprus.com