Income tax exemption for new taxpayers earning more than €100,000 per year

The Cyprus Tax Department has recently issued a circular clarifying its earlier circular EE 2017/4 dated 24 July 2017 regarding the income tax exemptions for persons taking up employment in Cyprus under article 8(23) of the Income Tax Law 118(I)/2002 as amended. Under article 8(23), 50% of the first ten years’ earnings from employment in […]