Income tax on rent, worked example, in Cyprus
Taxation Researcher | October 11, 2016
DISCLAIMER: The information contained above is marketing material only and is not written tax advice directed at the particular facts and circumstances of any person and should not be relied upon. We encourage you to discuss your particular situation with us or an independent tax advisor. This information was last updated on December 11, 2015.
1 The property is jointly owned by husband and wife, but then taxed separately (50% upon each partner).
2 Exchange rate used: 1.00 EUR = 1.00 EUR
3 A standard deduction of 20% of the gross rental income is alloted for income- generating expenses.
4 Rental income earned by nonresident individuals is taxed at progressive rates.