Tax Treatment of Rental Income in Cyprus

The tax treatment of rental income in Cyprus depends upon the tax residency of the recipient and the location of the immovable property:

Tax residents of Cyprus
 
Rental income earned from immovable property situated in Cyprus or abroad, received by a tax resident of Cyprus ( a company or an individual), is subject to the following three taxes:

• Income Tax
• Special Defense Contribution (“SDC”) *
• General Healthcare System (“GHS”)

* Non domiciled tax residents are exempt from SDC on rental income

Non-tax residents of Cyprus

 

In the case of non-tax residents of Cyprus, only rental income from immovable property situated in Cyprus is subject to Cyprus Income Tax.

However, such income is exempt from SDC and GHS.

For ultimate results and professional consultation adjusted to your specific situation, feel free to send us an email at consult@cosmoserve.com

The contents of this article should be considered to be of a general nature only not referring to any particular business.  Before proceeding with any action, please request further advice relating specifically to your business.  We will be very pleased to be of assistance.

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