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Updated : 02/10/2014

Income taxes abroad – Cyprus

What's your situation?

I'm an employee Choose country

Choose country

Common rights across EU countries


* Information not yet provided by national authorities

Which income will be taxed in Cyprus?

  • Live in Cyprus (min. 6 months in the tax year)? You must pay tax on your worldwide income there.

  • Lived in Cyprus but less than 6 months in the tax year? You are not considered tax resident and pay tax only on income earned in Cyprus.

  • Income from other EU countries? Check you never pay tax twice on the same income.

How much will you pay?

What's left of your gross income in Cyprus after deduction of taxes and social security contributions?

Income tax rates

Bracket

Annual income

Rate

1

up to €19,500

0%

2

€19,501 – €28,000

20%

3

€28,001 – €36,300

25%

4

€36,301 - €60,000

30%

5

€60,001 and over

35%

Take into account:

  • tax allowances (available to all taxpayers, but the amount depends on your personal situation)
  • any deductions you are entitled to for certain types of expenditure.

When and how do you pay?

Your employer will deduct the amount of tax and social security contributions due from your salary.

If your total income taxable in Cyprus exceeds €19,500, you must submit a tax return by 30 April (if submitted manually) or 31 July (if submitted through TAXISnet) in the following tax year.

How to appeal/complain

If you disagree with your tax assessment, you can appeal to the tax office. Read your tax assessment letter carefully to find out which department you should send your appeal to and which procedures you need to follow.

Links

Cypriot government – income tax info

Check also what your EU rights are.


I'm self-employed Choose country

Choose country

Common rights across EU countries


* Information not yet provided by national authorities

Which income will be taxed in Cyprus?

  • Live in Cyprus (min. 6 months in the tax year)? You must pay tax on your worldwide income there.

  • Lived in Cyprus but less than 6 months in the tax year? You are not considered tax resident and pay tax only on income earned in Cyprus.

  • Income from other EU countries? Check you never pay tax twice on the same income.

How much will you pay?

What's left of your gross income in Cyprus after deduction of taxes and social security contributions?

Income tax rates

Bracket

Annual income

Rate

1

up to €19,500

0%

2

€19,501 – €28,000

20%

3

€28,001 – €36,300

25%

4

€36,301 - €60,000

30%

5

€60,001 and over

35%

Take into account:

  • tax allowances (available to all taxpayers, but the amount depends on your personal situation)
  • any deductions you are entitled to for certain types of expenditure.

When and how do you pay?

You must file an estimated provisional return of your total taxable income from the previous tax year before 1 August. Based on the estimated return, you must make 2 equal advance payments on 31 July and 31 December.

Earn less than €70,000? You must file a definitive tax return by 30 June(if submitted manually) or by 30 September (if submitted through TAXISnet) in the year following the tax year and pay any tax due by 30 June.

Earn more than €70,000? You must pay any tax due by 1 August in the year following the tax year. You must file a definitive tax return only through TAXISnet by 31 March of the second year following the tax year. This return must be accompanied by audited accounts— your final taxable income will be calculated on the basis of these audited accounts.

How to appeal/complain

If you disagree with your tax assessment, you can appeal to the tax office.

Read your tax assessment letter carefully to find out exactly which department you should send your appeal to and which procedures you need to follow.

Links

Cypriot government – income tax info

Tax laws – EU and individual countries

Check also what your EU rights are.


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