Double Taxation Avoidance
Where more than one tax authority is involved, income is taxed in the contracting State stipulated in the double taxation avoidance agreements, regardless of the type of income.
Where the double taxation avoidance agreement stipulates the contracting State in which income is taxed, the national legislation of taxation of that state applies.
Under Cypriot legislation, individuals (cross-border workers, seconded workers, company directors or board members) are taxed in the Republic if they are tax residents or if their services are provided in the Republic. Individuals who receive director’s fees regardless of the number of days spent in the Republic are taxed in the Republic, provided that the company which pays the fees is a resident in Cyprus and the relevant double taxation avoidance agreement does not provide otherwise.
Travelling artists or athletes are taxed in the Republic on their activities carried out in the Republic.
For pensioners permanently residing in Cyprus who receive a pension from another country, the country of taxation depends on the double taxation avoidance agreement signed between Cyprus and the country from which the pension is received.
To view double taxation avoidance and other agreements, click here (available in Greek).
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Last Update:
12/04/2021 08:13:12 AM
