Anyone considered as Resident for Tax Purposes in Cyprus is is liable for paying tax. Residents are taxed on their worldwide income, including employment income, profits or other benefits from a business, profits or other benefits from an office or employment, dividends, interest or discounts, pensions and any rental income arising from immovable property. Non-residents are taxed only on their Cyprus-source income from employment exercised in Cyprus, a permanent establishment in Cyprus, rental of immovable property located in Cyprus and pensions from employment exercised in Cyprus.
The Tax Department of the Ministry of Finance is the authority in charge of administering the Cyprus direct tax legislation, which comprises various taxes and duties including income tax, as well as immovable property tax and capital gains tax.
The tax year is from 1 January to 31 December.
Further information and guidance on tax related matters in Cyprus can be found here.