Cyprus Tax Residency In 60 Days

On the strength of the parliamentary resolution of the Cyprus House of Representatives, on the 14th July 2017, the rule of 183 days, as regards the determination of tax residency of individual persons in Cyprus, was amended by adding a supplementary rule.

In particular, an individual person has the opportunity, if he/she fulfill the following criteria (for each fiscal year), to fall under the new regulations of the Cyprus tax residency:

• In the first place, the person concerned should primarily be resident in the Republic of Cyprus for a continuous or aggregate period of at least 60 days during the year of assessment. Moreover, the person concerned should not be a taxpayer of any other country and/or not reside in another jurisdiction for more than 183 days during the fiscal year in question.