Corporate tax

All Cyprus tax resident companies are taxed on their income accrued or derived from all sources in Cyprus and abroad. A non-Cyprus tax resident company is taxed on income accrued or derived from business activity that is carried out through a PE in Cyprus and on certain other income arising from sources in Cyprus.

The standard CIT rate in Cyprus is 12.5%.

Corporate tax is payable in two installments during the current year, with any remaining balance being payable by 1 August of the following year.