ARTICLE · 28 SEPTEMBER 2023

Cyprus Tax Residency

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The CyprusIncome Tax Law provides a number of tax reliefsthat either existed under Cyprus Tax Law or came into effect from 1 January 2012.

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Cyprus Tax Residency

The CyprusIncome Tax Law provides a number of tax reliefsthat either existed under Cyprus Tax Law or came into effect from 1 January 2012.

An individual is considered tax resident of Cyprusif he stays in the Republic for a period or periods exceeding in aggregate 183 days in any calendar year. If the 183 days are met the individual is considered tax resident for the whole year.

In the case of tax resident individual, tax is levied on worldwide income accruing or arising from sources both within and outside Cyprus.

Cyprus offers a second tax residency test, the "60 Day rule", which is effective since 2017.

The introduction of the 60 Day rule

In order to become a Cyprus tax resident on the basis of the "60 day rule" one must meet the following conditions:

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