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Taxes and money

The 2026 tax reform, contributions, banks, cost of living

Tax residency and the TIC number3 min read

The 183-day and 60-day rules, how to get a tax number through Tax For All, and why you need a tax residency certificate.

Income tax 2026: new rates and reliefs4 min read

The reform took effect on 1 January 2026: the tax-free allowance rose to €22,000 and deductions for children and rent were introduced. Plus the 50% and 20% reliefs for new residents.

Non-dom status and the defence contribution2 min read

17 years with no tax on dividends and interest. What the 2026 reform changed and why you still have to pay GESY.

Social insurance and GESY contributions3 min read

What is withheld from your salary, what the employer pays, and why the self-employed contribution isn't based on actual income.

Self-employment: registration and payments3 min read

How to get a TIC and register for social insurance and VAT. Provisional tax twice a year and the €120,000 mandatory audit threshold.

Your own Ltd: registration, taxes and the IP Box3 min read

Corporate tax has risen to 15%, the €350 annual levy has been abolished, and the IP Box gives an effective 3% on income from your own software.

A bank account: how to open one and what to watch for4 min read

Opening an account after the Hellenic–Eurobank and AstroBank–Alpha Bank mergers: documents, waiting times, sanctions restrictions and using Revolut.

What life costs in Cyprus in 20263 min read

Rent, utilities, groceries and transport costs by city. Budget estimates for one person and a family.

Tax filing and payment deadlines2 min read

Deadlines for tax returns, provisional tax, quarterly contributions and VAT. Penalties for late filing and payment.

Taxes and money · page.cy