For those considering moving to Cyprus
There are often a number of factors to consider when contemplating a new domicile. Taxes may be one of them. We can provide you with an overview of the most basic personal taxation rules in Cyprus.
35
Marginal tax rate
183
Tax immigration rule
0
Wealth tax
Overview of personal taxation in Cyprus – updated per 2025
What is required to establish tax residency in Cyprus?
Individuals who stay in Cyprus for more than 183 days during a tax year are considered to have moved there and to be tax residents. The same applies to individuals who:
– do not stay in any other state for more than 183 days during a tax year,
– are not considered tax residents of any other state during the tax year,
– stay in Cyprus for at least 60 days during the tax year,
– have a permanent residence in Cyprus (owned or rented), and
– carry out business activities or are employed in Cyprus during the tax year.
Which types of income are taxable in Cyprus?
Tax residents are taxed on their worldwide income in Cyprus, while non-resident taxpayers are taxed only on income sourced in Cyprus.
What tax rates apply in Cyprus?
Cyprus has a progressive tax system, with rates ranging from 20 to 35%.
Does Cyprus grant tax credit for foreign taxes?
Cyprus grants tax credit for taxes paid abroad, indepedent of tax treaty.
Is there wealth tax in Cyprus?
Cyprus does not levy wealth tax.
What is the tax year in Cyprus?
The tax year in Cyprus corresponds with the calendar year.
When must the tax return be filed in Cyprus?
The individual tax return in Cyprus must generally be filed by 31 July of the year following the tax year.
What is the name of the tax authority in Cyprus?
The name of the tax authority in Cyprus is Cyprus Tax Department.
How many countries does Cyprus have tax treaties with?
Cyprus has tax treaties with approximately 70 countries, including Norway.
Is there property tax in Cyprus?
Cyprus does not levy property tax.
Contact
Atle Melø
Partner
amelo@melo.no
+47 951 80 979
Our tax partner in Cyprus
Through our unique global partnership with Philippou we are able to work together with local lawyers and advisers in questions regarding domestic tax rules and other legislation in Cyprus.
