Amendment to the Income Tax Law as of 06.03.2026

CITYOFLAW.COM PROVIDES THE ONLINE AND PRINT VERSION OF THE CYPRUS TAX LAWS: A SELECTION

The Income Tax Law which is part of the above publication has been recently amended introducing, inter alia, a new exemption from tax, applicable as of the 1st of January 2025:

“(21B) twenty-five percent (25%) of the remuneration from any employment in the Republic or of the earnings of an individual from the exercise of any business in the Republic, with a maximum amount of exemption in the year of assessment of twenty-five thousand euros (€25,000). Provided that the provisions of this paragraph shall apply in respect of an individual who ……”

SUBSCRIPTION: If you have any copies of the book that would like to update, please contact us to provide you with the relevant publication or updates and stay up to date. 

You can also check the online version of the book and other legal publications on offer.

Why is the book valuable: The book is a valuable tool for those professionals who handle Tax matters on a day-to-day basis, either as advisors, service providers, traders, businessmen and other professionals who require understanding of the legal framework of Cyprus, as our country is a member of the European Union and an international investment and business centre. In fact, it provides transparency on current legislation and helps remain up to date with constant developments. Due to the fact that the book is in the English language, it allows foreign investors to have knowledge of the legal implications when doing business in Cyprus.

The translator: Olga Georgiades is a lawyer and certified sworn translator for Greek, English and French who has been publishing books and translating Laws since 2000 and is the founder of cityoflaw.com. She is a corporate lawyer, specialising in Companies Law, European Law, Information Technology Law, Commercial/Contract and Competition Law/ Mergers and Acquisitions.