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Tax Residency & Expatriate relief. 

 

Tax Residency:

A Cyprus tax resident is any individual (irrespective of name, nationality, ID or passport) that physically resides in Cyprus more than 183 days (in aggregate) within the Cyprus Tax Year (1st of Jan – 31st of Dec of each calendar year).

Becoming a Cypriot tax resident the individual is subject to Cyprus income tax on their World – Wide income.

Expatriate relief:

Provided that an individual was resident outside Cyprus before commencement of their employment the expatriate relief applies exempting 50% of the emoluments provided that the individual's salary exceeds €100.000 for a period of 5 years.

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