Tax Deprtment

Φυσικά Πρόσωπα Επιχειρήσεις Ακίνητη Ιδιοκτησία Ηλεκτορνικές Υπηρεσίες

Pension from abroad

Taxation method
Tax residents of Cyprus who receive a pension from a country other than Cyprus may opt/choose to be taxed in one of the following two different ways each year:
► the pension from abroad is added to other worldwide income and personal allowances are deducted. The resultant taxable income is taxed at the applicable tax rates;
► the pension from abroad is taxed separately from any other income at a rate of 5% for sums over EUR 3 420.
The provisions of double taxation avoidance agreements apply.

When is a person a tax resident of Cyprus?

Payment of tax on pensions from abroad
Temporary tax is paid on pensions received from abroad in two instalments, on July 31^st and December 31^st of the corresponding tax year.

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Last Update:

12/04/2021 08:12:02 AM

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