Globalserve – Cyprus Company Formation – бизнес на кипре
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VAT RATES

– Standard rate of VAT: 19%

– Reduced rate to 9%

– The reduced rate of 5% remains unchanged (?)

 

SOCIAL INSURANCE RATES

– The Social Insurance contribution: 7,8% for employers and employees

– For self employed individuals: 14,6%

– The maximum amount on which contributions are calculated are not increased and remains the same as 2013, i.e. €54,396 for employees paid monthly. (?)

 

SPECIAL CONTRIBUTION ON SALARIES

RANGE € RATE %
0-1,500 0
1,501-2,500 2,5
2,501-3,500 3,0
3,501+ 3,5

CORPORATE INCOME TAX RATE

Corporate income is taxed at the rate of 12,5%, the lowest in European Union, in line with Cyprus’ longstanding commitment towards a steady, low tax fiscal regime.

 

INDIVIDUALS INCOME TAX RATES

Chargeable income for the tax year Tax rate Accumulated tax
%
First 19.500 Nil Nil
From 19.501 to 28.000 20 1.700
From 28.001 – to 36.300 25 3.775
From 36.301 – to 60.000 30 10.885
Οver 60.001 35

 

DEFENCE TAX RATES

– Defence Tax on divided income: 17%

– Defence Tax <e

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