STAVROS KTISTIS
ACFIN
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Vivamus ut semper risus. Fusce ac pharetra sem. Praesent vitae eros a quam fermentum dignissim.
MR BLAKEFIELD. REGAL CAPITAL. FLORIDA.
OUR JURISDICTIONS —
Cyprus
LAST UPDATED 21/07/2023
AT A GLANCE
The Mediterranean island of Cyprus is a republic and a member of the EU. Once a British colony, it has been independent since the early 60s. It joined the EU in 2004 and took up the Euro (EUR) as its currency in 2008.
Nicosia is the capital city of Cyprus and although the Republic has legal sovereignty over the entire island, Cyprus is de facto partitioned into two parts. To the south, just under 60% of the land is under the control of the Republic of Cyprus, while to the north, the rest is under the administration of the self-declared Turkish Republic of Northern Cyprus, covering around 36%. There is a UN buffer zone covering nearly 4% of the island.
Cyprus enjoys an open market economy with positive growth, mainly due to its services sector made up of financial services, real estate, and tourism.
Our local Tax Natives in Cyprus can tell you everything you need to know about the ins and outs of your tax obligations there. Whether you’re buying a single property, or doing complex business deals, we’ll get you the advice you need. Just say the word and we can link you with a local expert who can answer all your questions.
THE HEADLINES
- The corporate income tax rate in Cyprus is 12.5%
- The personal income tax rate is 35%
- Standard VAT rates stand at 19%
Tax experts in the region
How Tax Natives works.
Tax Natives is an international tax network that connects Explorers (taxpayer clients) with Natives (qualified and regulated tax advisers) from one jurisdiction to another.
Ask a question to get startedSTEP ONE
Select the 'Ask a question button located on the top of each page and follow through the process to compose your question
STEP TWO
Once your question is confirmed and your account is set up, navigate to your user dashboard to view the message exchange between you and your Tax Native.
STEP THREE
Each Tax Native has to accept a question from an Explorer before a conversation can begin. Once the Tax Native has accepted your question, a quote will be submitted for approval through the messaging portal.
Bring your knowledge to the world.
Become a tax native
Contact us
If you’re having any problems with your membership, account, or just generally loving Tax Natives. Drop us a line here and we’ll get back to you.