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Cyprus Tax System – 05. Capital Allowances

Capital Allowances

The following are allowances for the annual wear and tear

Plant and machinery Fork lifts, excavators, loading vehicles, bulldozers and oil barrels 25%
Motor vehicles of all types except from private saloon cars 20%
Personal computers (hardware) and operating software 20%
Application software up to €1.709
above €1.709
100%
33 1/3%
Plant and machinery used in agriculture 15%
Water drillings, industrial carpets, video recorders, televisions 10%
Any other plant and machinery 10%
Furniture and fittings 10%
Buildings Metallic frame of greenhouses 33.33%
Buildings Metallic frame of greenhouses 33.33%
Industrial, agricultural and hotel buildings 4%
Commercial 3%
Tools All tools in general 33.33%
Tools All tools in general 50%