Personal Income Tax in Cyprus

Cyprus personal income tax uses progressive rates from 0% (first €19,500) to 35% (above €60,000). Combined with SDC on passive income (for domiciled residents), GESY health contributions, and social insurance, effective personal tax burden varies substantially. Non-doms and expats benefit from significant reliefs. Every Cyprus accountant handles personal tax filings.

35 firms offering this
12 featured or network members
4 areas covered

Progressive tax bands

Cyprus personal income tax rates for 2024: 0% on the first €19,500; 20% from €19,501 to €28,000; 25% from €28,001 to €36,300; 30% from €36,301 to €60,000; and 35% above €60,000. Cyprus tax residents are taxed on worldwide income, subject to double tax treaty relief. Non-residents are taxed only on Cyprus-source income.

For most standard personal tax compliance, any Cyprus accountant can handle the annual TD1 return. Specialist advice becomes valuable for non-doms, expats with the 50% deduction, executives with foreign earnings, and retirees managing pension taxation.

Global network members

12 firms

Where these firms are located

4 areas

Firms offering Personal Income Tax have offices in these areas. Click through to see all accountants in that area.

Nicosia Centre Nicosia · 12 with this speciality Strovolos Nicosia · 7 with this speciality Limassol Centre Limassol · 4 with this speciality Larnaca Centre Larnaca · 4 with this speciality

Frequently asked questions

Who must file a Cyprus personal tax return?

Cyprus tax residents with gross annual income exceeding €19,500 must file. Non-residents with Cyprus-source income also file. Employees whose income tax is fully covered by PAYE and who have no other income are technically not required to file, though many do voluntarily.

What is the 50% expat tax deduction?

Individuals who were not Cyprus tax-resident before employment in Cyprus and whose annual employment income exceeds €55,000 can deduct 50% of gross employment income for 17 years, subject to conditions. A 20% deduction (capped) is available for lower income thresholds. This is one of the most significant Cyprus personal tax benefits for relocating executives.

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