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Tax in Cyprus

Your personal tax guide for Cyprus

The content in this tax guide is provided by EY.

Going to or leaving Cyprus

Local tax information for Cyprus

Local information Details

Tax authority

Cyprus Tax Department  

Website

www.mof.gov.cy/mof/tax/taxdep.nsf/index_en/index_en

Tax year

1 January to 31 December

Tax return due date

Various depending on circumstances

Is joint filing possible

No

Are tax return extensions possible

No

Local tax information for Cyprus

Local information

Tax authority

Details

Cyprus Tax Department  

Local information

Website

Details

www.mof.gov.cy/mof/tax/taxdep.nsf/index_en/index_en

Local information

Tax year

Details

1 January to 31 December

Local information

Tax return due date

Details

Various depending on circumstances

Local information

Is joint filing possible

Details

No

Local information

Are tax return extensions possible

Details

No

2020 income tax rates

2020 income tax rates.

Taxable income band EUR National income tax rates

0 to 19,500

0%

19,501 to 28,000

20%

28,001 to 36,300

25%

36,301 to 60,000

30%

60,000+

35%

2020 income tax rates.

Taxable income band EUR

0 to 19,500

National income tax rates

0%

Taxable income band EUR

19,501 to 28,000

National income tax rates

20%

Taxable income band EUR

28,001 to 36,300

National income tax rates

25%

Taxable income band EUR

36,301 to 60,000

National income tax rates

30%

Taxable income band EUR

60,000+

National income tax rates

35%

Spouses are taxed separately, not jointly, on all types of income.

Employment and business income received by non-residents, as well as rental income, is taxed at the rates that apply to residents.

Expat tax guides

Read tax guides for expats provided by EY.

Additional information

The Tax Navigator section is provided by EY in accordance with their Terms and Conditions (PDF). EY accepts no responsibility for the accuracy of this information. By using this information, you are accepting the terms under which EY is making the content available to you based on the legislation and practices of the country concerned as of 15/09/21 by EY and published in its Worldwide Personal Tax Guide, 2020-21.

Tax legislation and administrative practices may change, and this content is a summary of potential issues to consider. This content is provided for guidance purposes only; it is not meant for direct implementation of transactions or reliance upon when considering entering into transactions. It should not be used as a substitute for professional tax, legal, financial, accounting, consulting, regulatory or other professional advice and you should seek professional advice before taking any action. It is your responsibility to ensure you make all relevant disclosures to the relevant tax authorities and that you are compliant with local tax legislation. EY accepts no responsibility for any loss arising from any action taken or not taken by anyone using this material.

HSBC accepts no responsibility for the accuracy of this information.

This information does not constitute advice and no liability is accepted to recipients acting independently on its contents. The views expressed are subject to change.

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