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How much do Cyprus people pay in taxes?

Updated: 8/19/2019
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12y ago

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Income tax is levied on world-wide income. The tax rate depends on person's income.

Below are the tax rates for residents (after all allowances) in Cyprus from 2008:

up to €19,500 - nil

from €19,501-28,000 - 20%

from €28,001-36,300 - 25%

above €36,300 - 30%

From the 2011 tax year:

35% income tax is payable on income over € 60,000.

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12y ago
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