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ARTICLE · 27 MARCH 2023

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Cyprus Crypto Tax - Frequently Asked Questions

CYAUSE Audit Services Ltd
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Individuals trading in cryptos are subject to PAYE tax as any self employed person would be taxed.

CyprusTechnology
Kyriakos Tramountanellis
Kyriakos Tramountanellis
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Are individuals taxed on crypto trade in Cyprus?

Individuals trading in cryptos are subject to PAYE tax as any self employed person would be taxed.

This means that the profits on their trades will be added to their existing salaries and be taxed usually at 35%!!

We strongly recommend you to create a Company to minimise the tax. Contact us for more guidance

Are Companies taxed on crypto trade in Cyprus?

Crypto trading is taxed like any other trade and it is subject to 12.5% Corporation Tax and dividend tax for Cyprus tax residents and domiciled persons.

What is the best way to trade cryptos?

The best way to trade Cryptos is via a Cyprus company primarily due to low taxes involved.

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