your trusted partner for global tax and compliance solutions
25A Vasileos Pavlou Street, Egkomi-Parisinos,
2412 Nicosia, Cyprus
+357 22 525 522
[Monday to Friday | 9:00 AM – 5:00 PM]
key client FAQs
The €22,000 applies primarily to employment, pension, and certain business income. Investment income (dividends, interest) and capital gains follow different rules. Confirm with a tax advisor for your specific situation.
No. Crypto losses can only offset crypto gains in the same tax year. Losses cannot carry forward, backward, or offset other income types. This is a critical limitation.
The audit threshold increases to €120,000 gross income (from €70,000). Self employed income below €120,000 may not require audited financial statements.
This requires clarification from tax authorities. Non-Doms are typically exempt from Cyprus income tax on passive income. The interaction with the 8% crypto regime should be confirmed with advisors.
Starting 2026, all residents 25+ must file. Non-filing risks substantial penalties (percentage of estimated tax + interest). Filing is mandatory regardless of tax liability.
Yes. Deductions only apply if household income is below the threshold for your family size (€100k-€200k). Families above the threshold get no deduction.
