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ARTICLE · 19 JUNE 2024

Overview Cypriot Real Estate

Important information about Cyprus taxation rates for residents and non-resident individuals and companies

CyprusReal Estate and Construction

Rental income and capital gains of Cypriot real estate

Taxpayer

Basis of tax

Tax levied

Tax rates (2024)

Resident individual Rental Income Individual income tax 20% - 35%*
Special Defence Contribution 3% on the 75% of rental income i.e. 2.25%
GHS contribution 2.65%
Capital gains Capital gains 20%
Non-resident individual Rental Income Individual income tax 20% - 35%
Special Defence contribution Not applicable
GHS contribution 2.65%
Capital gains Capital gain tax 20%
Resident company Rental Income Corporation tax 12.5%
Special Defence Contribution 3% on the 75% of rental income i.e. 2.25%

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