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Taxation
Tax Advantages
The rules regarding taxation are complex and you should
seek specialist advice on this matter. However in principle
for Expats retiring to Cyprus there is an option to elect
to be taxed as an Expat, or to be taxed at a Cypriot.
Tax rates for Cypriots are as follows:
| Income per annum
|
Tax Rate |
| 0 - 10,000 |
Exempt |
| 10,000 – 15,000 |
20% |
| 15,000 – 20,000 |
25% |
| 20,000 and above |
30% |
Tax rates for Expats are as follows:
| Income per annum
|
Tax Rate |
| 0 - 2,000 |
Exempt |
| 2,000 and above |
5% |
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