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Personal taxation
The personal tax rates are progressive and reach a top marginal tax rate of 30% on income in excess of EUR36,300 per annum.
Relief for overseas employment
A Cypriot resident working outside Cyprus for a non-Cypriot employer is exempted from taxation on their salary that is attributable to their overseas duties if these duties result in spending more than 90 days outside Cyprus in a calendar year.
Relief for non-residents taking up employment in Cyprus
Individuals physically present in Cyprus for less than 183 days in a calendar year are taxable in Cyprus only on income derived from sources within, and employment exercised in Cyprus.
A non-resident taking up employment and becoming resident in Cyprus will be given a 20% tax-fee allowance (capped at €8,543) on employment income for the three years following the year of becoming resident in Cyprus.
