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Commentary

4.1 Valuation of benefits

Cyprus

4.1ÌýÌýÌýÌý Valuation of benefits

In Cyprus, benefits-in-kind (BIK) are benefits provided to employees or to members of their families due to employment or provision of office. Unless specifically exempted, BIKs are subject to income tax, since the income tax law 'applies to all earnings derived from an employment or an office'.

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