Posts on the Topic Residents

The Special Defence Contribution (SDC) in Cyprus targets tax resident individuals and companies, imposing taxes on specific income types like dividends, interest, and rental income to enhance the local economy. Understanding its structure is essential for effective tax planning and...

The Cyprus Tax Self-Assessment system allows individuals and companies to independently declare income, promoting transparency while requiring awareness of deadlines and tax obligations. It targets both residents with various income types and businesses, emphasizing the importance of accurate reporting to...

The article provides a comprehensive guide to understanding health insurance in Cyprus, covering both the public system (GESY) and private options. It explains how GESY offers universal coverage funded through taxes and social contributions, while private insurance provides additional benefits...

The article provides an overview of Cyprus tax law for companies in 2024, highlighting competitive corporate tax rates, special defense contributions on passive income, capital gains tax adjustments, and the benefits of double taxation agreements. It also emphasizes the importance...