NEWS

Amendment of the term “Cyprus tax resident individual”

Effective from 1 January 2017, an individual is considered a Cyprus tax resident if he/she:

  • does not spend more than a total of 183 days in any State/Country within a tax year and
  • is not a tax resident of another State/Country within the same tax year

and satisfies the following three conditions:

  1. remains in Cyprus for at least 60 days in the tax year;
  2. carries on a business in Cyprus or is employed in Cyprus or holds an office in a Cyprus tax resident person at any time during the tax year and
  3. maintains a permanent home in Cyprus that is either owned or rented

 

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