STAVROS KTISTIS
ACFIN
Cyprus
Last Updated 17/12/2024
AT A GLANCE
Tackling Cyprus’s tax system doesn’t have to be a hassle. Whether you’re building a business or just need help with tax rules, our network of expert Cyprus tax specialists will keep things simple for you. Say goodbye to the stress of compliance with custom tax help in Cyprus – get started today!
CONNECT WITH EXPERT TAX ADVISORS IN CYPRUS
Whether you’re an expat, business owner, or investor, our network of tax consultants in Cyprus will help you stay in line with tax legislation in Cyprus. From corporate tax advice to double taxation guidance, take the first step towards stress-free taxes today.
Find your Cyprus tax advisor now
KEY CYPRUS TAX CONSIDERATIONS TO KEEP IN MIND
Here’s an overview of the key tax considerations in Cyprus, including recent changes and rates.
- Corporate income tax – 12.5% standard rate. One of the lowest in the EU.
- Personal income tax – 0% to 35% progressive rate.
- Special Defence Contribution (SDC) – Between 3% and 30%, depending on the type of income.
- Value-added Tax (VAT) – 19% standard rate
- Capital Gains Tax – 20% standard rate
- Inheritance Tax – 0% across Cyprus.
CYPRUS TAX RATES AT A GLANCE
Stay informed about the essential tax rates in Cyprus with our up-to-date summary:
| Tax Type | Description | Rates | Notes |
|---|---|---|---|
| Corporate Taxes | |||
| Corporate Income Tax | Levied on the worldwide income of Cyprus resident companies and the Cyprus-sourced income of non-resident companies. | 12.5% | |
| Special Defence Contribution (SDC) | Levied on dividends, interest, and rental income received by Cyprus tax residents. | 17% on dividends 30% on interest 3% on rental income |
Certain exemptions and reduced rates may apply. |
| Personal Taxes | |||
| Personal Income Tax | Progressive tax on worldwide income for residents and Cyprus-sourced income for non-residents. | 0% – 35% (based on taxable income brackets) | Various deductions and allowances are available. |
| Capital Gains Tax | Levied on gains from the sale of immovable property and shares in companies not listed on a recognised stock exchange. | 20% | Certain exemptions and reduced rates may apply. |
| Indirect Taxes | |||
| Value Added Tax (VAT) | Consumption tax levied on the supply of goods and services in Cyprus. | 19% (standard rate) 9% and 5% (reduced rates) 0% (zero rate) |
The reduced rates apply to certain goods and services, such as food, books, and pharmaceuticals. The zero rate applies to exports and certain intra-community supplies. |
| Excise Duties | Levied on specific goods such as alcohol, tobacco, and fuel. | Vary depending on the product | |
| Customs Duties | Levied on imported goods from outside the EU. | Vary depending on the product and its origin | |
| Other Taxes and Levies | |||
| Immovable Property Tax | Annual tax on the value of property owned in Cyprus. | Rates vary depending on the location and type of property. | |
| Stamp Duty | Levied on certain documents relating to property transactions and other legal instruments. | Rates vary depending on the type of transaction and the value involved. | |
| Special Contribution for Defence (SCD) | Levied on dividends, interest (bank deposit interest exempt), and rental income received by Cyprus tax residents. | 17% on dividends 30% on interest 3% on rental income |
Certain exemptions may apply. |
| Special Tax Regimes and Incentives | |||
| Non-Domicile Rule | Offers favourable tax treatment to non-domiciled individuals who take up residence in Cyprus. | No tax on dividends | |
FIND YOUR TAX ADVISOR IN 3 EASY STEPS
Finding the right Cyprus tax expert is quick and easy – here’s how you do it with the Tax Natives
1. GET IN TOUCH
Tell us what kind of tax advice in Cyprus you need – we’ll handle the rest.
2. GET MATCHED
We’ll connect you with a Cyprus tax advisor who understands your unique situation.
3. GET EXPERT GUIDANCE
Receive clear guidance with our Cyprus tax advisory services.
It’s really that simple – get in touch to start now!
PERSONAL AND BUSINESS TAX SERVICES IN CYPRUS
Managing your taxes doesn’t have to be a headache. Our trusted tax advisors in Cyprus are here to help reduce your tax burden and keep more of your hard-earned money. From corporate tax compliance to personal tax planning, we make things simple and stress-free.
PERSONAL TAX SERVICES
Struggling with Cyprus’s personal tax laws? Our network of chartered tax advisors in Cyprus can help you avoid double taxation, plan for your beneficiaries, and take control of your finances. Here’s who can use our tax advisory services in Cyprus:
BRITISH ENTREPENEURS / BUSINESS OWNERS IN CYPRUS
- Special Defence Contributions (SDC) – Need to know which exemptions are available on your different income streams? Avoid overpaying and compliance issues with the help of our experts.
- Intellectual Property (IP) box regime – Cyprus’ IP box offers one of the lowest tax rates in Europe, let our experts help you take full advantage so you maximise your returns on your IP assets.
BRITISH EXPATS IN CYPRUS
- Personal income tax – Without the right guidance, you risk paying more tax than necessary on your personal income. Let our personal tax advisors keep things streamlined so you can focus on enjoying life in Cyprus.
- Tax residency – Determining your tax residency in Cyprus can be confusing and, if done wrong, could lead to double taxation. Let our experts take advantage of the 183-day rule or 60-day rule to reduce your liabilities.
- Double taxation relief – Without properly claiming tax relief under the UK-Cyprus Double Taxation Agreement, you may be overtaxed. Avoid this with the help of our expert tax advisors in Cyprus.
- Special tax regime for new residents – You may miss out on the benefits of Cyprus’s special tax regime without expert guidance. Let us optimise your tax situation so you can enjoy all the benefits Cyprus has to offer.
BRITISH HNWIS IN CYPRUS
- Investment and asset taxation – Missteps in tax planning can lead to major tax liabilities and reduced return on your investments. Our expert advisors will identify relevant reliefs to keep your tax burden low.
- Special tax regime – From foreign income exemptions to reduced tax rates for new residents, take advantage of Cyprus’s extensive tax regimes for HNWIs with the help of our expert tax advice.
- Estate planning – Don’t risk leaving your wealth vulnerable to excessive taxes. Make sure it’s passed on efficiently, protect your family’s financial future, and enjoy greater peace of mind.
- Cross-border planning – From conflicting regulations to double taxation, tax complications can erode your wealth and create compliance problems. Avoid this with expert tax guidance from our Cyprus advisors.
CORPORATE TAX SERVICES
Confused by Cyprus’s corporate tax laws? Struggling to optimise your company’s tax structure? Our expert tax advisors in Cyprus make it simple to reduce liabilities and position your business for success.
BRITISH ENTREPENEURS / BUSINESS OWNERS
- Corporate income tax – Don’t miss out on Cyprus’s competitive corporate tax rate! With the right guidance, you can optimise your tax position and put as much money as possible back into your business!
- VAT services – Reduce your tax burden with expert advice on Cyprus’s VAT system. With our guidance, you can tackle all your VAT requirements confidently and keep things running smoothly.
- International tax structuring – Operating between the UK and Cyprus? Without the proper structure in place, you could face major issues. Protect your bottom line with our expert tax advice in Cyprus.
YOUR GO-TO PARTNER FOR TAX ADVICE IN CYPRUS
Your Cyprus taxes don’t have to be a problem. With our network of certified tax advisors, we keep things simple and stress-free for you. Let us handle your Cyprus tax worries so you can focus on what you do best.
Get in touch today and start saving on your taxes!
WHY CHOOSE TAX NATIVES
We make managing your Cyprus tax challenges easier than ever – here’s how:
- Expert network – Gain access to English-speaking, chartered tax specialists with deep expertise in the Cyprus tax system.
- Personalised matching – We’ll connect you with the perfect advisor for your needs – from tax planning to cross-border advice.
- Dedicated support – Our advisors are committed to reducing your tax burden and keeping you compliant.
Connect with a tax expert today and unlock all the benefits of Cyprus’s tax system.
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READY TO SIMPLIFY YOUR CYPRUS TAXES?
Take the stress out of your tax management with our chartered tax specialists in Cyprus. With their help, you will lower your tax burden, avoid double taxation, and stay fully compliant with all regulations. So why wait? Connect with your expert today!
EXPAND YOUR REACH AND TAX EXPERTISE IN CYPRUS
Looking to grow your client base in Cyprus? Join the Tax Natives network and connect directly with businesses, expats, and individuals looking for top-tier tax advisors. If you’re an experienced, English-speaking tax specialist in Cyprus ready to boost your visibility and gain access to new opportunities, Tax Natives is the perfect platform for you.
- Tax advisors and accountants in Cyprus
- Lawyers and solicitors in Cyprus
- Financial advisors and wealth managers
- International tax professionals with Cyprus-based clients
- Tax consultants and specialists
- Accounting firms and tax practices
- Boutique tax advisory firms
- Professionals seeking Cyprus tax expertise
- Those looking to grow their client base in Cyprus
- Individuals interested in cross-border tax strategies
Expand your client base with Tax Natives
FIND TAX ADVISORS NEAR YOU IN CYPRUS
Looking for a reliable tax advisor close to home? Our expert matching service connects you with top-qualified tax consultants in Cyprus, no matter where you’re located. Stop letting taxes hold you or your business back – match with your perfect local expert to save time and money!
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.
Your Cyprus tax questions answered
Get answers to the biggest tax questions so you can get the best guidance on your Cyprus taxes.
How much does tax advice cost in Cyprus?
The cost of Cyprus tax advice from one of our expert tax advisors depends on your needs, but rest assured, you’ll get clear, upfront pricing with no surprises.
How do I find a tax advisor who specialises in my specific needs?
It’s easy! With Tax Natives, our intelligent matching system connects you with a tax specialist in Cyprus who can help with what you need – from property tax to corporate tax and everything in between.
What qualifications should I look for in a Cyprus tax advisor?
For peace of mind, choose an advisor licensed by the highest professional standards in Cyprus, including the ICPAC, ADIT, or CIOT. At Tax Natives, we make it simple to connect with thoroughly vetted professionals who meet the industry’s top tax-related qualifications.
Can a tax advisor help me with inquiries or investigations by Cyprus tax authorities?
Absolutely. Our network of expert advisors includes those who deal with tax inquiries and investigations, so you’ll stay compliant and avoid expensive fines with their help. Reach out now for your own expert guidance and support.
How can I get the most out of my tax advisor?
Maximise your tax savings and stay compliant with proactive, custom advice from a Tax Natives expert in Cyprus. Our tax advisors offer regular updates and check-ins, so you’re always one step ahead of your own taxes.
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