Amendment of the term “Cyprus tax resident individual”
Effective from 1 January 2017, an individual is considered a Cyprus tax resident if he/she:
- does not spend more than a total of 183 days in any State/Country within a tax year and
- is not a tax resident of another State/Country within the same tax year
and satisfies the following three conditions:
- remains in Cyprus for at least 60 days in the tax year;
- carries on a business in Cyprus or is employed in Cyprus or holds an office in a Cyprus tax resident person at any time during the tax year and
- maintains a permanent home in Cyprus that is either owned or rented
The standard rule of 183 days is still in force therefore, a person residing for more than 183 days in Cyprus is considered a Cyprus tax resident irrespective of the newly introduced conditions.
