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Maispa Developers
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What Languages are spoken in Cyprus Blog http://ow.ly/7XLD30lSy52
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http://ow.ly/EOSb30l6EG3 Personal Taxes in Cyprus Taxes in Cyprus Taxes-in-Cyprus-300x212
The tax rates in Cyprus are pretty low, but obviously not compared to the tax rates of European tax havens such as Monaco and Andorra. Here is a short explanation of the tax system in Cyprus:
Personal income tax
There is no income tax of the first €19,500 personal income on a yearly basis, which means that a significant part of the Cypriot population does not pay personal income tax. The rates for personal tax is as follows:
Personal income Income tax
€0 – €19,500 0 %
€19,501 – €28,000 20 %
€28,001 – €36,300 25 %
€36,301 – 60,000 30%
60,000 + 35%
Social tax
On all personal income there is a 6-7% income tax, which is paid by the employee. The company also adds to the social insurance tax.
Other taxes and tax benefits
There are also other minor taxes, company taxes, taxes on dividends plus some tax benefits for new comers that are relevant to look at. You can read more in our article with a detailed explanation of the tax system and benefits in Cyprus.
You can read much more about taxes in Cyprus here.
Please note these figures are correct at posting, changes must be expected and we can not be held responsible for any changes by the tax office.
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http://ow.ly/ZQbt30l0bRx
ports in Cyprus Sports in CyprusSports
As for the rest Europe, much of the male population of Cyprus is obsessed with football. Otherwise, the most popular activities relate to the island’s geography and climate, from paragliding and climbing to sailing and scuba diving or even, for a few weeks in the year, skiing on the Read More
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http://ow.ly/SqqA30jUdtc Taxes in Cyprus
The tax rates in Cyprus are pretty low, but obviously not compared to the tax rates of European tax havens such as Monaco and Andorra. Here is a short explanation of the tax system in Cyprus:
Personal income tax
There is no income tax of the first €19,500 personal income on a yearly basis, which means that a significant part of the Cypriot population does not pay personal income tax. The rates for personal tax is as follows:
Personal income Income tax
€0 – €19,500 0 %
€19,501 – €28,000 20 %
€28,001 – €36,300 25 %
€36,301 – 60,000 30%
60,000 + 35%
Social tax
On all personal income there is a 6-7% income tax, which is paid by the employee. The company also adds to the social insurance tax.
Other taxes and tax benefits
There are also other minor taxes, company taxes, taxes on dividends plus some tax benefits for new comers that are relevant to look at. You can read more in our article with a detailed explanation of the tax system and benefits in Cyprus.
You can read much more about taxes in Cyprus here.
Please note details were correct when going to press, Maispa can not be held responsible for any changes made by the tax office.
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Social Insurance Security Cyprus
The Social Insurance Scheme Social Insuranceunder the Ministry of Labour and Social Insurance (MLSI) provides monetary benefits for retirement, illness, disability, old age, marriage, maternity, orphanhood, unemployment, widowhood, death and employment injury.
Cyprus citizens and anyone legally employed in Cyprus are eligible for this.
Click here for more information http://ow.ly/Rc3q30jwDHk
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maispa@cy.net
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We have added to our blog http://ow.ly/PX9I30jdhNa Health Care Facts and Information
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