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PKF Cyprus

A member of PKF International. A global family of legally independent firms.

New Cyprus Tax Bill expected to pass in 2015

Recently there have been new developments in the Cyprus tax legislation. A new law “domicile law” is now prepared which is similar to that of the UK and is expected to pass as a new law during the year 2015. The proposals under discussion relates to “non-domicile” individuals. Based on our understanding, individuals who are tax resident in Cyprus and also considered as “non-domiciled” in Cyprus would not be subject to special contribution for defense tax. In general, this would mean that the “non-domicile” individuals’ income from dividend and passive interest should not be subject to Cyprus taxation. However at present, we can not confirm the exact content and time frame for such proposals.

May 2015


PKF / ATCO Limited is a member firm of the PKF International Limited network of legally independent firms and does not accept any responsibility or liability for the actions or inactions on the part of any other individual member firm or firms. This publication is for information purposes only and should not be considered as professional advice.