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Cyprus Tax Exempt Income

The following forms of income are exempt from income tax:

An individual's income up to EUR 19,500 per resident.
Dividend and interest income. For companies, 50% of interest income from ordinary activities.
An individual who receives a pension in Cyprus from overseas employment, to a limit.
Part of capital gains that are received by an individual on the sale of real estate - see under the heading "Capital Gains" for fuller details.
For companies, gain from sale of securities.
Profit from permanent establishment abroad.
Compensation for death and injury.

TAX RELIEF

Individual Relief	Amount - CYP
Donations	With document the whole amount.
Life Insurance	Up to 1/6 of the taxable income.
Child Grant.	A grant of EUR 2,563 per year for a child taking high education.
Professional membership dues	The entire amount is allowable
Income from rent	20% of the income is tax exempt.
Blind Person Grant	EUR 3,417 per year.

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