Cyprus tax law includes two tax exemption schemes regarding personal tax that are favourable for employees relocating to Cyprus (see the Income Tax Law of 2002 (available only in Greek). More precisely, the law provides tax relief escalating up to 50% of the gross income of the taxpayer subject to conditions.
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•ÌýÌýÌýÌý The 20% tax exemption
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As per Income Tax Law, Art 8(21A), in effect from 26 July 2022, employees relocating to Cyprus from that date and up to the year 2027 can claim a tax exemption for employment income earned in Cyprus up to the lower of:
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–ÌýÌýÌýÌý 20% of their gross employment income, or
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–ÌýÌýÌýÌý EUR 8,550
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The 20% tax exemption is granted from
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Web page updated on 17 Mar 2025 15:20