General Taxes in Cyprus

Information on the Capital Gains Tax and Immovable Property Tax payable by residents of Cyprus...

Capital Gains Tax (CGT)

CGT is imposed on any gains resulting from the disposal of immovable property in Cyprus, including shares of companies which own immovable property. The current rate is 20 percent.

Immovable Property Tax

The Cyprus Immovable Property Tax laws 1980-2004 state that there is a tax liability on the total value of immovable property for all property owners, resident in Cyprus or not. The liability is annual and is based upon the value, as at 1 January 1980, of all immovable property registered in an individual’s name.

The complexity of this tax is increased where title deeds are not be held, or where the registered owner of the immovable property is a developer or company. It is advisable to exercise caution in this regard.

At the time of writing (4 November 2013), there are frequent changes of deadline terms and discounts.

Assessed 1980 Value (€) Tax Rate (%)
1 - 12,500 0
12,501 - 40,000 0.6
40,001 - 120,000 0.8
120,001 - 170,000 0.9
170,001 - 300,000 1.1
300,001 - 500,000 1.3
500,001 - 800,000 1.5
800,001 - 3,000,000 1.7
More than 3,000,000 1.9
Further Information
  • There is a vast array of information on the Cyprus Inland Revenue Department website: Click here
  • For more information on income taxes in Cyprus: Click here

The information herein is intended to be a brief guide only and is not an exhaustive list of allowances, liabilities, rates, and/or obligations. It is recommended that you seek professional advice prior to taking any action. No content herein should be considered as tax, legal or accountancy advice of any kind, and should not be relied upon in this regard. The author disclaims all responsibility and accepts no liability (including in negligence) for the consequences of any person acting, or refraining from acting on any information contained herein.

Information herein is considered to be true and correct at 4 November 2013, based upon the author’s understanding of applicable laws and regulations. Whilst the author endeavours to ensure accuracy of the information herein, no representation or warranty is made to as to its accuracy or completeness.

The author’s views are his own and do not represent those of any companies or bodies he may be affiliated with. Tax laws/rates/allowances are subject to change and it should not be assumed that the information provided herein is up-to-date unless stated otherwise.

Contributed by the Cyprus International Financial Services Association (CIFSA)
Copyright © 2013 CIFSA
Do you have a suggestion to improve this page? click here...

Content Sponsor


If you need to send money overseas Moneycorp, the exchange experts, can help you make your money...
Find out more...


If you wish to stay on Cyprus and explore it, relocate with your family, set up a trading...
Find out more...

Bupa Global

This July, get a FREE quote for worldwide health cover for you and your family: 24 hour medical...
Find out more...

Business Directory:
Related Categories

Featured Information

Health System

Health System

Make sure you and your family are protected by the Cyprus healthcare system.

Useful Contacts

Useful Contacts

Find out about services and government organisations that play a part in moving to Cyprus.



Related Discussions

image description
See more...
Mobile Site

Featured Information

Schooling & Education

Schooling & Education

Find out about the Cyprus and the international primary, secondary and university school systems.

Public Transport

Public Transport

All about air, rail, road and water transportation options into, around and out of Cyprus.



Boat Silhouette, Latchi

Boat Silhouette, Latchi

The sun setting behind a boat in Latchi


Emergency Numbers in Cyprus

Find out vital information on who to call and what to do in an emergency...