A comprehensive guide about the tax system in Cyprus. Is Cyprus a Tax heaven? How do taxes really work in Cyprus and are they really as low as many people think? Find the answers in this video!
I remember moving to Cyprus and having many questions about incorporating a company and the tax system here, so I decided to create a video where everything is explained for you. With this video, you will know exactly what you need to be aware of when moving here.
Chapters:
0:00 Intro
2:42 Overview of the Cyprus Tax System
4:46 Taxes that you need to pay
5:13 Corporate Tax
5:50 NHS Contribution
7:51 Social Insurance Contributions
9:30 VAT
10:26 VIES
11:31 Personal Income Tax
15:13 Top 4 Tips for Taxation in Cyprus
15:34 Real Estate & Taxes in Cyprus
18:57 Incorporating a new Cyprus Ltd. Company
26:00 Be aware of the Tax Calendar
29:48 Residency & Tax Residency
31:56 Exit & Wealth Tax
35:30 5 Common Mistakes & Myths About Taxation in Cyprus
36:20 Is Cyprus a Tax heaven?
37:00 The Big Negative Side of Tax Heavens
39:24 Crypto, Forex & Stocks Trading
43:53 The 60 days Rule
48:00 Provisional Tax
52:43 Why a Consultant is so important
I decided to make this video with my personal consultant Nikolas in order to provide expertise and experience. We touched many topics about taxes and I hope this video answers most of your questions.
Also, even though we tried our best to make this video as accurate as possible, the numbers we mentioned may vary, especially going onwards in the future. Therefore, it would make sense to also check the official website of the government or consult an advisor to get the exact numbers.
If you still have some questions or individual requests, feel free to leave a comment, and we will be happy to give you an answer!