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Cyprus Taxation 2018

PERSONAL INCOME TAX

A person who is a tax resident in Cyprus is taxed on worldwide income (Chargeable income accrued or derived from…

CORPORATION TAX

Cyprus Tax Resident Companies are those which are managed and controlled in Cyprus. These are taxed on profits based on…

ANNUAL WEAR & TEAR ALLOWANCES

Buildings Rate % Industrial Buildings 4 Agricultural Buildings 4 Hotel Buildings 4 Industrial and Hotel buildings acquired during 2012-2016…

SHIPPING COMPANIES

As from 24th March 2010, the Tonnage Tax System (TTS) was introduced with the Merchant Shipping (Fees & Taxing Provisions)…

VALUE ADDED TAX - VAT

Value Added Tax is imposed on the supply of all goods and services in Cyprus, on the acquisition of goods…

SPECIAL DEFENCE CONTRIBUTION

Special Defence contribution is imposed on dividend income, ‘passive’ interest income and ‘passive’ rental income earned by companies tax resident…

IMMOVABLE PROPERTY & ESTATE DUTY

Immovable Property Tax Immovable Property Tax is abolished as from 1 January 2017. Estate Duty Estate duty has been…

SOCIAL INSURANCE CONTRIBUTIONS

Social insurance and other contributions are calculated at the following rates on employee’s gross weekly/monthly emoluments. Percentage of Earnings …

STAMP DUTY

The following table gives the amount or rate of duty payable on certain documents. Transactions which fall within the scope…

TAX TREATIES

WHT on dividends, interest and royalties Cyprus does not levy a WHT on dividends, interest and royalties paid to non-residents…

Table Α- WHT on outbound payments from Cyprus

Paid from Cyprus Paid to Dividends (1) % Interest (1) % Royalties Rights not used withinCyprus % Royalties Rights used…

Table B - Maximum WHT on inbound payments to Cyprus

Received in Cyprus Paid from Dividends % Interest % Royalties % Armenia 0/5 (1) 5 5 Austria 10 Nil Nil…

TAXATION BY YEAR

formation co

Cyprus Company formation for trade, service, e-commerce, IPs.

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Cyprus, a Member State of the European Union, has been an important centre for trade and commerce since antiquity.
The small but dynamic country has a long established reputation as a “Centre of Excellence” for international business activities Read more...

trust form

Trust Formation for effective wealth management and succession planning.

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Forming a company in Cyprus can take the form of a private or public limited liability companies by shares and companies limited by
guarantee which are all incorporated pursuant to the Cyprus
Companies Law. Read more...

live work

Live and work in cyprus for non-european citizens

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Get in touch with P. KALOPETRIDES & CO. for a tailor made advice on the process for acquiring permanent residency
We provide guidance on the documents required and assist with preparation (employment agreement and the like. Read more...

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