Φυσικά πρόσωπα

Φόρος Εισοδήματος μέχρι το 2007

Φόρος Εισοδήματος από το 2008

Νομικά πρόσωπα
Εταιρικός φόρος μέχρι 2007

Για τα έτη από το 2008 μέχρι το 2012 οι εταιρείες πληρώνουν φόρο με συντελεστή 10%(4).
Για τα έτη απο το 2013 οι εταιρείες πληρώνουν φόρο με συντελεστή 12,5%.

Παρακράτηση φόρου στην πηγή

Παρακρατείται φόρος στην πηγή για τις πιο κάτω πηγές εισοδήματος:

1. Από μισθούς φυσικών προσώπων κατοίκων της Δημοκρατίας με βάση τον Κανονισμό 6 των Περί Παρακρατήσεως Εξ Αποδοχών Κανονισμούς του 2003.

2. Από πρόσωπα μη κάτοικους της Δημοκρατίας για εισοδήματα από τις πιο κάτω πηγές:

Generally

The tax profits introduced in the Republic of exports situ fabricated or manufactured products (excluding petroleum), taxed until 2002 with ½ rates

2 companies institutionalized after 07/10/1998 for the first time their shares on the Cyprus Stock Exchange (CSE), taxed for the four tax years following the year in which they are introduced in ASE K. with ½ of the rates, with a maximum saving 100 £ 000 tax per tax year, up to the year 2002.

Individuals

Income Tax by 2007

Income tax from 2008

Legal entities

Corporation tax until 2007

For the years 2008 to 2012, the companies pay tax at 10% (4).

For the years from 2013 companies pay tax at a rate of 12.5%.

Notes

1 For the tax years up to 2002 subject to an additional tax of 10% if the taxable income is reduced due to losses from previous years, deductions for investments and discounts for exhausting mine.

2 The international companies are taxed at a 4.25% rate.

In the year 2002 the public law taxed an additional tax of 10% on taxable income.

3. the international companies are taxed that chose the transitional provisions (7) are taxed at the rate of 4.25% instead of 10% for the years until 2005.

Four public bodies are taxed at 25% instead of 10% by the year 2008.

5. the international companies that have chosen the transitional provisions (7) are taxed at the rate of 4.25% instead of 15% for the years until 2005.

6. public bodies taxed at 35% instead of 15%

7. selection transitional provisions concerning international companies, which

They had income from sources outside the Republic during the fiscal year ending 31/12/2001 or expected to have such income which have not occurred until 31/12/2001 due to the nature of their work and

They still have income from sources exclusively outside the Republic. The choice is

irrevocable

applies for the years 2003-2005

Exemption of 50% interest

Exemption of dividends (except in the case where dividends among such companies)

Exemption for gains on disposal of securities

Offsetting losses between Group companies

Tax benefits from restructuring companies

Foreign tax credit (except in cases where there is avoidance of Double Taxation Convention)

Release of the permanent establishment abroad profits

The losses incurred during any tax year until the year 2000 will not be transferred and will not be offset against any income tax year after 5 years from the end of the tax year to which they relate.

Withholding tax

Withholding tax at source for the following sources of income:

       1. natural persons resident salaries of the Republic under Regulation 6 on deduction of s            salary 2003 Regulations.

       2. persons who are not residents of the Republic for income from the following sources: