PERSONAL INCOME TAX
All employees, self employed individuals have an obligation to submit their tax return (personal income tax) electronically through www.taxisnet.mof.gov.cy before the specific deadlines. For this purpose, you have to create a profile www.taxisnet.mof.gov.cy and after the approval, you can proceed with the submission.
Cyprus has a progressive tax rate ranging from 0% to 35%. Individuals which are tax resident in Cyprus are taxed on their worldwide income gained from various sources of income. However, Cyprus offers several attractive tax incentives and exemptions..
See below the deadlines for the income tax return submission
31 July following the tax year: For employees and pensioners
31 July following the tax year: Self-employed with less than annual gross turnover of €70,000
1 March following the tax year: Self-employed with more than annual gross turnover of €70,000
On special circumstances, the deadlines are subjected to changes as they are officially announced on the tax authorities website. The changes affect only the specific year and specific categories.
We offer the following services:
- Help with the registration.
- Assist with the submission of your tax return.