• A comprehensive easy-to-use guide aiming to help you stay informed on local tax issues and legislation changes

This publication includes a brief overview of the tax laws effective as of January 2020, in which all recent key changes to the tax code are incorporated. It contains facts and figures concerning natural and legal persons for the full range of tax laws, including income tax, capital gain, VAT and the General Healthcare System. Furthermore, it includes an updated list of all double taxation agreements.

The electronic version of the Cyprus Tax Facts 2020 is also available on our website. The Greek and Russian version will be published on the website in the coming weeks.

The publication is intended to serve as a general easy to use information source as in no way it replaces specific professional advice. Our team of experts within EY Cyprus remains at your disposal to provide you with professional, personalized advice based on our extensive experience and industry knowledge.

Philippos Raptopoulos, Partner and Head of Tax and Legal Services, says: “In the past few years, tax has climbed to the top of the corporate and individual agenda. The current focus on tax is here to stay and will continue to evolve dramatically to match the rapid transformation in global markets. To support your success, we have put together this guide to keep you up-to-date and enable you to make more informed strategic decisions.”

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