Great news for new employees in Cyprus! 🌟 Here’s what you need to know:

Key Benefits:

• 50% Tax Exemption:
  Eligible individuals can enjoy a 50% tax exemption on remuneration from employment exercised in Cyprus!
• Who Qualifies?
  Individuals who:
  • Have returned from abroad after being away for 12 consecutive years
  • Earn at least €55,000 annually
• Grace Period:
  You have a 2-year grace period to opt into these benefits!

Legal Provisions:

As per the new provisions introduced under Article 8 (23A) of the income tax legislation, the 50% exemption applies specifically to income related to first employment in Cyprus.

📞 Need More Information?

Our team is ready to assist you with understanding these provisions and navigating your options!

📩 Contact us for expert advice!