Latest Posts

How can someone be a Cyprus tax resident & be non-domiciled?

March 29, 2017 8:31 am

We have already outlined in previous articles the benefits, especially those related to tax, foreigners obtain when becoming a Cyprus tax resident. Today we will name all the documents required to be submitted to the Cyprus authorities in order to become a tax resident. The Cyprus authorities want proof that the applicant maintained a domicile […]

Read more...

Tax amendments for non-domiciled Cyprus individuals

March 9, 2017 7:43 am

After the amendments made in 2015 the payment of Special Contribution for Defence on income for non-domiciled Cyprus individuals was terminated. Non-domiciled Cyprus individuals are exempt from the SCD contributions on rental income, interest and dividends. This is applicable even if the individuals are Cyprus tax residents. This is applicable regardless of the origin of […]

Read more...

2017 Cyprus Property Taxation

March 9, 2017 7:41 am

Numerous alterations have been made to Cyprus’ property tax lately. Below we have outlined how these changes will potentially benefit or influence Cyprus property holders. The changes made to the taxation will be in effect in 2017. It is mainly believed that the latest alterations made to property taxation in Cyprus will benefit both existing […]

Read more...

Notional Interest Deduction Rate

January 23, 2017 2:01 pm

Notional Interest Deduction Rate (NID) Calculations Concerning Equity Capital Implemented in 2015 & 2016 The government of Cyprus implemented a Notional Interest Deduction (NID) in July 2015. The NID concerns equity capital, paid up share premium and share capital, introduced in foreign companies’ permanent establishments and companies intended for financing assets on 1 January 2015 […]

Read more...