Frequently Asked Questions (FAQ)

Professional Trustee Services for High Net Worth Individuals

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A Cyprus tax resident, is taxed on income accruing or arising from sources both within and outside the Republic of Cyprus, whereas a non-Tax resident of Cyprus is only taxed on income accruing or arising from sources within the Republic.

What is a non Cyprus tax resident?

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National income tax rates

0 to 19,500          -   0%

19,501 to 28,000 - 20%

28,001 to 36,300 - 25%

36,301 to 60,000 - 30%

How much income tax do you pay in Cyprus?

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Irrespective of the domicile of origin or choice, individuals who have been tax resident in Cyprus for at least 17 out of the last 20 years prior to the tax year in question, will be deemed to be domiciled in Cyprus for the purposes of the SDC Law.

Who is domiciled in Cyprus?

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It is possible to be resident for tax purposes in more than one country at the same time. This is known as dual residence.

Can I be tax resident in 2 countries?

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Irrespective of the domicile of origin or choice, individuals who have been tax resident in Cyprus for at least 17 out of the last 20 years prior to the tax year in question, will be deemed to be domiciled in Cyprus for the purposes of the SDC Law.

Who is domiciled in Cyprus?

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Irrespective of the domicile of origin or choice, individuals who have been tax resident in Cyprus for at least 17 out of the last 20 years prior to the tax year in question, will be deemed to be domiciled in Cyprus for the purposes of the SDC Law.

Who is domiciled in Cyprus?

Frequently Asked Questions (FAQ)

Q. What is a non Cyprus tax resident? A. A Cyprus tax resident, is taxed on income accruing or arising from sources both within and outside the Republic of Cyprus, whereas a non-Tax resident of Cyprus is only taxed on income accruing or arising from sources within the Republic.

Q. Who is domiciled in Cyprus? A. Irrespective of the domicile of origin or choice, individuals who have been tax resident in Cyprus for at least 17 out of the last 20 years prior to the tax year in question, will be deemed to be domiciled in Cyprus for the purposes of the SDC Law.

Q. Can I be tax resident in 2 countries? A. It is possible to be resident for tax purposes in more than one country at the same time. This is known as dual residence.

Q. What is the difference between domicile and residence? A. Irrespective of the domicile of origin or choice, individuals who have been tax resident in Cyprus for at least 17 out of the last 20 years prA residence is a location where you may live part-time or full-time. A domicile is your legal address, and your domicile is located in the state where you pay taxes.ior to the tax year in question, will be deemed to be domiciled in Cyprus for the purposes of the SDC Law.

Q. What is the difference between domicile and residence? A. Irrespective of the domicile of origin or choice, individuals who have been tax resident in Cyprus for at least 17 out of the last 20 years prA residence is a location where you may live part-time or full-time. A domicile is your legal address, and your domicile is located in the state where you pay taxes.ior to the tax year in question, will be deemed to be domiciled in Cyprus for the purposes of the SDC Law.