I would like to welcome you to Deloitte's annual Cyprus tax facts.

Cyprus tax facts has proven to be a useful tool for all businesses and individuals wishing to have up to date information on the tax environment in Cyprus.

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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.

Tax residency

An individual is tax resident in the Republic if he/she is present in the Republic for more than 183 days in a tax year.

For the purpose of calculating the days of presence in the Republic:

  • the day of departure from the Republic is considered as a day out of the Republic
  • the day of arrival into the Republic is considered as a day in the Republic
  • the arrival into the Republic and departure from the Republic on the same day is considered as a day in the Republic and
  • the departure from the Republic and return to the Republic on the same day is considered as a day out of the Republic.

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