Personal taxation in Cyprus

Personal taxation in Cyprus

The following are very brief notes about the most obvious forms of taxation – you are advised to seek professional advice to confirm this information and for more complicated personal situations, including self-employment or running a company.

Double taxation agreements exist between Cyprus and most European countries.

Individuals permanently resident in Cyprus are taxed here on the following types of income:

• Employment income for work performed in Cyprus.
• Profits from a business activity, which is carried out though a permanent establishment in Cyprus.
• Pensions in respect of employments exercised in Cyprus (except for pensions paid from a fund established by the Cypriot Government or any local authority).