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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.
- Gain from sale of securities.
- Profit from permanent establishment abroad, subject to certain terms.
- Compensation for death and injury.
Cyprus Tax Relief
- All forms of tax relief in Cyprus relate to the income of an individual.
- The following amounts are subject to the definitions in law.
| Individual Relief |
Amount |
| 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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