Cyprus Taxation for Individuals and Residency

All Cyprus tax residents are taxed on all income accrued or derived from all sources in Cyprus and abroad. Individuals who are not tax residents of Cyprus are taxed on income accrued or derived from sources in Cyprus. Residence: The term ‘resident’ has been added in the Cyprus Law as from 1.1.2003 implementing the OECD Model that provides the framework for most countries’ tax systems and double tax treaties.
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