TAX RATES
Income Tax
Taxable Income | Tax Rates
(from 2011 and onwards) |
0 - €19500 | 0% |
€19501 - €28000 | 20% |
€28001 - €36300 | 25% |
€36301 - €60000 | 30% |
€60001 and above | 35% |
Special Defence Contribution
Immovable Property Tax
Immovable property tax was on, as from 1/1/1980 up to 31/12/2016. The legislation for immovable property has been repealed since 1/1/2017.
Capital Gains Tax
Capital gains tax is imposed at a rate of 20% on the profit resulting from the sale of real estate in Cyprus or from the sale of shares of companies holding real estate in Cyprus (subject to double taxation provisions) regardless of the tax residence of a company or an individual.
For inflation value tables click here.
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Last Update:
09/04/2021 02:58:54 PM