Cyprus: Personal Taxation
Residence and Liability for Taxation
Residence is defined as presence in the country for more than 183 days in a calendar year (which is coincides with the tax year); it then applies to the whole year. Resident individuals are subject to tax on their world-wide income; non-residents are taxed only on certain types of income arising in Cyprus.
Cyprus has implemented the 'information sharing' provisions of the 2003 and 2014 EU Directives. This means that information about savings returns received in Cyprus by nationals of other EU countries is passed to the tax authorities in the individuals' home countries. For 2017, Cyprus has also agreed to implement the OECD’s Common Reporting standard, one of the first of 51 countries to do so.