What Cyprus Tax Returns Are Due During 2022 for Expats?
Income Tax
If your income is less than the Cyprus personal allowance of €19500 (approx. £17k) per year then no tax return is due.
The full year return for 2021 is due electronically by 31 July 2022 for employees & pensioners (see all deadlines).
The date is subject to adaptions and date changes as experienced these last two covid years.
Flat Rate Tax
However Cyprus has flat rate taxes with no allowances and these income will require a return with payment and sometimes in a full return.
Incomes subjected to flat rate taxes include:
Dividends
Interests
Property rental income
Health Tax
Social insurance
Property sale for capital gains tax
Non-dom
Expats could register as non-dom to Cyprus and get an exemption to pay these taxes at a 0% rate.
The income must be declared in Cyprus and tax must be paid, albeit at 0%. This avoids double taxation in your home country or country of tax residence as tax has been technically been paid
Business tax returns
Soul traders earning over €70,000 a year and all Cyprus registered companies must have a full audit and tax return each year.
These tax returns are due within 9 to 15 months after the end of the tax year.
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