As per Article 20 of the Cyprus Income Tax Law, a Cypriot tax resident individual receiving pension income from services rendered abroad may choose to tax this income at a flat rate of 5% on amounts exceeding €3,420 per annum or at the normal scale rates of income tax. One can choose the method that […]
Continue ReadingDuring the 54th annual meeting of the Institute of Certified Public Accountants that took place on July 1st, the president of the Republic of Cyprus Mr. Nicos Anastasiades announced his Government’s tax reform plans. Eight days later, on the 9th of July, the Cyprus House of Representatives approved some of these tax reforms. The rest of the […]
Continue ReadingThe Council of Ministers Decision dated 19th March 2014 established the financial criteria based on which non – Cypriot entrepreneurs / investors may acquire the Cypriot citizenship through the “Scheme for Naturalization of non-Cypriot Investors by exception”. Importantly the above Minister’s decision also sets the legal framework for granting the Cypriot citizenship to the spouse […]
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