Get useful expat articles, health and financial news, social media recommendations and more in your inbox each month - free!

We respect your privacy - we don't spam and you can unsubscribe at any time.

±Compare Expat Providers

Expat Health Insurance Quotes

Foreign Currency Exchange Quotes

International Moving Quotes

We're very social! Follow Expat Focus on Facebook, Twitter, Pinterest and Google+

Expat Focus Facebook PageExpat Focus on TwitterExpat Focus Pinterest PageExpat Focus Google+ Page

Notify me when new content is added about a country

±Expat Focus Partners


Cyprus - Taxation

Once you have obtained a Residence permit, you should register at the local income tax office as a Cyprus taxpayer. Anyone who lives in Cyprus for more than 183 days in the financial year is required to pay tax on any income generated in Cyprus or from overseas.

There are two separate tax schemes, one for employed people and the other for retirees. The progressive tax rates for working taxpayers are between 0% (for income of up to CYGBP10,000) and 30% (for income of CYGBP20,000 or more). Retired people benefit from very favourable tax rates, with a maximum of 5% on any income of CYGBP2,000 or more. In order to qualify for this, however, retired people are not allowed to undertake any paid employment.

Cyprus has double taxation agreements with many countries, including the UK.

No income tax is payable in Cyprus on other sources of income, including bank interest and dividends from shares, although they do incur a Cyprus Defence Levy tax of between 10% and 15% depending on the type of income.

Capital Gains Tax of 20% is payable on the sale of immovable property in Cyprus. No capital gains tax is payable on gains from investments. There is no longer any inheritance tax payable in Cyprus.

VAT at a rate of 10% used to be included in the price of all goods and services, except for certain items such as food, medicines and children's clothes and shoes. However, the VAT rate rose to 15% on many items when Cyprus joined the EU.

Read more about this country

Expat Health Insurance Partners


Our award-winning expatriate business provides health benefits to more than 650,000 members worldwide. In addition, we have helped develop world-class health systems for governments, corporations and providers around the world. We want to be the global leader in delivering world-class health solutions, making quality health care more accessible and empowering people to live healthier lives.


Health is your number one priority. At Aviva we understand this, which is why we’re focused on helping you and your family access high quality healthcare at home or overseas. Our award winning medical insurance will help you get the treatment you need or simply provide guidance and advice wherever you are, 24/7.

Bupa Global

At Bupa we have been helping individuals and families live longer, healthier, happier lives for over 60 years. We are trusted by expats in 190 different countries and have links with healthcare organisations throughout the world. So whether you're moving abroad for a change of career or a change of scene, with our international private health insurance you will always be in safe hands.


Cigna has worked in international health insurance for more than 30 years. Today, Cigna has over 71 million customer relationships around the world. Looking after them is an international workforce of 31,000 people, plus a network of over 1 million hospitals, physicians, clinics and health and wellness specialists worldwide, meaning you have easy access to treatment.