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.

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The standard CIT rate in Cyprus is 15% (raised from 12.5% under the 2026 tax reform, effective 1 January 2026)

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​Corporate tax is paid during the year through temporary (provisional) tax in two instalments by 31 July and 31 December of the tax year,  with any remaining balance payable by 31 January of the second year following the tax year (for example, for tax year 2026, by 31 January 2028) under the 2026 tax reform.

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Elsavco advises Cyprus companies on their corporate tax position, planning and compliance.