CYAUSE Articles

In recent years, cryptocurrencies have gained significant popularity, and with that comes the need for clarity on how they are taxed. At CYAUSE Audit Services, we have dedicated extensive resources to understanding the intricacies of cryptocurrency taxation in Cyprus. Our team has obtained crucial tax rulings and information from local experts to provide you with the most accurate and up-to-date guidance. Below, we offer a detailed overview of how cryptocurrencies are taxed in Cyprus and the implications for both individuals and companies.

Understanding the New Property Tax
In 2021, Cyprus introduced a new property tax, but due to a mistake in the legislative process, it didn’t come into effect until 2022. This tax is a 0.4% levy on the sales price of properties, and it is the seller’s responsibility to pay it.

Κατανόηση του νέου φόρου ακίνητης περιουσίας
Το 2021, η Κύπρος εισήγαγε ένα νέο φόρο ακίνητης περιουσίας, αλλά λόγω ενός λάθους στη νομοθετική διαδικασία, δεν τέθηκε σε ισχύ μέχρι το 2022. Ο φόρος αυτός είναι μια εισφορά 0,4% επί της τιμής πώλησης των ακινήτων και είναι ευθύνη του πωλητή να τον καταβάλει.