Corporation Tax in Cyprus

Imposition of Tax

A company which is tax resident in the Republic is taxed on income accruing or arising from sources both within and outside the Republic.

A company which is not tax resident in the Republic is taxed on income accruing or arising only from sources within the Republic.

Tax Residency

A company is tax resident in the Republic if it is managed and controlled from the Republic. 

In addition to the above meaning of Resident in the Republic as to companies, as from 31.12.2022, a company, which is established or registered pursuant to any law in force in Cyprus, will by default be considered as Resident in the Republic, provided it is not tax resident in any other country.

Tax Rate

Corporate income tax 12,5%

 
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