Imposition of Tax
An individual who is tax resident in the Republic of Cyprus (the Republic), is taxed on income accruing or arising from sources both within and outside the Republic.
An individual, who is not tax resident in the Republic, is taxed on income accruing or arising only from sources within the Republic.
An individual who spends more than 183 days in the Republic is a tax resident of the Republic. An individual can be a tax resident of the Republic even if he/she spends less than or equal to 183 days in the Republic provided that he/she satisfies all of the following conditions within the same tax year (1st January – 31st December):
The below points are for the purpose of calculating the days of presence in the Republic:
Taxable Income €
Tax Rate %
19,501 – 28,000
28,001 – 36,300
36,301 – 60,000
60,001 and over
35 (this rate is applicable as from the year 2011 onwards)