ARTICLES  

Cyprus tax resident individual

The Cyprus Parliament voted into law on 14 July 2017 an amendment to the definition of “Cyprus tax resident individual”.

    As from 1 January 2017 a person who:
  1. Does not spend more than a total of 183 days in any state within a tax year, and
  2. Is not a tax resident of another state within the same tax year
    and who satisfies the following three conditions:
  1. Remains in Cyprus for at least 60 days in the tax year
  2. Carries on a business in Cyprus or is employed in Cyprus or holds an office in a Cyprus tax resident person at any time during the tax year, and
  3. Maintains a permanent home in Cyprus that is either owned or rented

will be considered as a Cyprus tax resident.

If the employment, or business or holding of an office as per the condition 2 above is terminated, then the individual shall cease to be considered a Cyprus tax resident for that tax year.

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