According to the CIA World Factbook, Cyprus's tax revenue represented 38.1% of its GDP in 2016. It has a flat rate for corporation tax of 12.5%, while its highest bracket for individual tax is 35%.
Sections in TAXATION IN CYPRUS:
» Overview of Tax Issues for Expats in Cyprus
» Employment Taxation for Expats in Cyprus
» Business Taxation for Expats in Cyprus
» Investment Taxation for Expats in Cyprus
» Tax Treaty Considerations for Expats in Cyprus
If you are considering moving to Cyprus or are soon to depart, you can find helpful information and advice in the Expat Briefing dedicated Cypriot section including details of immigration and visas, Cypriot forums, Cypriot event listings and service providers in Cyprus.
From your safety to shopping, living in Cyprus can yield great benefits as well as occasional drawbacks. Find your feet and stay abreast of the latest developments affecting expats in Cyprus with relevant news and up-to-date information.
Working in Cyprus can be rewarding as well as stressful, if you don't plan ahead and fulfill any legal requirements. Find out about visas and passports, owning and operating a company in Cyprus, and general Cypriot culture of the labour market.