Cyprus: Income Tax

In recent years, Cyprus has emerged as one of the most attractive jurisdictions in the European Union for individuals and businesses seeking tax efficiency, legal certainty, and access to international markets. With a robust regulatory framework, English-speaking professionals, and a highly competitive tax system, Cyprus offers a compelling package for entrepreneurs, investors, and multinational groups alike.

As of 1 January 2025, significant updates to Article 20 of the Law on Personal Income Tax (GPMĮ) in Lithuania will affect the way the non-taxable income amount (NPD) is applied to individuals.

During the recent years there have been several key developments around the world in relation to the application of the double tax treaties and international taxation in general.