Tag Archives: Cyprus Income Tax Law

ILN Today Post

Cyprus introduces new attractive tax residence criteria for individuals

The Cyprus Parliament has approved in July 2017 an amendment to the Cyprus Income Tax Law, Law 119(I)/2017 (the “Law”) pursuant to which the definition of an individual considered as a Cyprus tax resident has been extended. The amendment is effective as from 1 January 2017.

Before the amendment to the Law, an individual is considered as a Cyprus tax resident if he/she stays in Cyprus for one or more periods exceeding in aggregate 183 days in a tax year.

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