Corporation Tax
Companies and semi-governmental organisations are subject to corporate tax at a rate of 12,5%.
Capital Gains Tax
Capital gains tax (CGT) is charged at the rate of 20% on gains arising from the sale of immovable property in Cyprus or the sale of shares of companies that own immovable property in Cyprus. Allowances Individuals are entitled to deduct from the capital gain the...
Personal Income Tax
The tax rates for individuals are as follows: Taxable Income € Tax Rate % Tax Amount € Cumulative Tax € 0 – 19.500 0 – – 19.501 – 28,000 20 1.700 1.700 28,001 – 36,300 25 2.075 3.775 36,301 – 60,000 30 7.110 10.885 Over 60,000 35 For all those...
