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Cyprus Tax System – 01. Types Of Taxes

Different Types of Taxes in Cyprus

The main taxes in Cyprus are listed below:

 

Tax Imposed on Source Law
Income Tax Individuals
Corporations Tax Companies Income Tax Law (Law 118
(I) 2002 as amended) Assessment and Collection of Taxes Law of 1978 (Law 4/78 as amended)
Special Defence Contribution (SDC) All Special Defence
Contribution Law of 2002 (Law 117(I)/2002 as amended)
Capital Gain Tax Immovable Property The Capital Gain Tax Law of 1980 (Law 52/80 as amended
Value Added Tax All Value Added Tax Law 2000 (Law 95(I) 2000 as amended)
Social Insurance Employers, employees, selfemployed
Stamp Duty Instruments × The Stamp Duty Law of  1963 (Law 19/63  asamended)dealing with Cyprus property
Immovable Property Tax Transfer and Registration of Immovable property The Immovable Property
Tax law of 1980 (law 24/80 as mended) × The Immovable Property Tax (Amendment) Law of 2002 (Law 147(I)/2004)