Special Tax Rates

DetailsRate %

Foreign pensions of individuals:

- Up to ₤2.000

- Over ₤2.000

0%
5%

Income of a person from the rendering of ship management services, as specified in the Merchant Shipping Law (in the case of an individual, no personal allowances, credits or exemptions are allowed). A company can choose to pay special tonnage tax, if more beneficial.

4,25%

The gross amount of any royalty, premium, compensation or other income, derived from sources within Cyprus by any non-resident person, is subject to withholding tax (subject to DTT / use of Interest & Royalties Directive). If rights are used outside Cyprus then 0% is applicable.

10%

The gross amount of any rental in respect of the showing of cinematograph films in Cyprus, derived by any non-resident person, is subject to withholding tax (subject to DTT / use of Interest & Royalties Directive).

5%

The gross income derived by an individual non-resident in Cyprus, from the exercise of any profession or vocation in Cyprus or of public entertainers including football clubs and other athletic missions, is subject to withholding tax.

10%