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Cyprus Amends Incentives Conditions for Non-Resident Individuals that Become Employed in Cyprus

|Approved Changes|Cyprus
Cyprus

Cyprus published the Income Tax (Amendment) Law of 2023 in the Official Gazette on 30 June 2023, which amends the conditions for the exemption incentives for non-resident individuals that become employees in Cyprus. The incentives include 50% and 20% tax exemptions for qualifying non-residents, which were amended (replaced) in 2022 (previous coverage). The amendments made by the Income Tax (Am…

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