Cyprus Individual Tax Residency: “60 Days Rule”

Cyprus Individual Tax Residency: The new ‘’60 days rule’’

An individual in Cyprus is considered to be tax resident of the island for income tax purposes as long as he/she stays physically for a period exceeding 183 days in total during the year.

Under the new law voted by the Cyprus Parliament on the 14th of July 2017, an individual can be considered a tax resident as long as he satisfies the newly introduced ‘’60 days rule’’ or the current ‘’183 days rule’’.

The new law introduced is applicable to an individual as long as the following criteria are met from 1 January 2017.

  1. He or she is not a tax resident of another country.
  2. As per the ‘’183 days rule’’ the individual has stayed physically 60 days rather than 183 days in Cyprus.
  3. The individual does not reside for a period of 183 days in total in another country.
  4. The individual can prove further his/her economic ties with the island i.e. he/she owns or rents a permanent residence in Cyprus.

K.P.S. Services Ltd can assist you in assessing your Tax Residency status and advice on steps to be taken in obtaining the correct Tax Residence.


The K.P.S. Services Team