• Cyprus Tax Features

  • Taxable Basis
    Cyprus tax resident companies are taxed on their worldwide income whereas non-Cyprus tax resident companies are taxed only on income generated in Cyprus

    Taxable Period
    Calendar year

    Corporation Tax Rate(s)
    12.5%

    Ordinary Tax Losses
    Can be carried forward for 5 years. No carry back

    Capital Gains
    Yes, only on immovable property situated in Cyprus

    Capital Gains Tax Rate(s)
    20% (only on immovable property situated in Cyprus)

    Capital Losses
    Yes, can be carried forward indefinitely

    Stamp Duty
    Yes

    Capital Duty
    Yes

    Other Taxes
    N/A

    VAT
    Yes

    VAT Standard Rate
    19% (effective from 13.01.2014)

    VAT Reduced Rate(s)
    9%, 5% and 0%

    VAT Registration Threshold
    €15,600

    VAT Filing & Payment
    Quarterly

Cyprus Non-Domiciled (non-dom) Tax-Resident - Revised Process. The Cyprus Ministry of Finance has published on 17 January 2017 the revised process for applying for the Cyprus non domiciled tax status.

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