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.

Latest news

Extension to the filing date of tax returns

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Published: Saturday 24 April, 2021

Extension for filing of corporate tax returns

On 12 March 2021 the Tax Department issued an announcement in relation to the extension of the deadlines for the submission of the 2019 corporate income tax return and the 2019 income tax return filed by individuals preparing audited Financial Statements. The above deadlines are extended to 30 Se...…

Published: Saturday 27 March, 2021

Interest and dividends – declarations through Taxisnet

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Published: Wednesday 27 January, 2021