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Capital Gains Tax

Cyprus Tax System - Capital Gains Tax

Charge of tax

Capital gains tax applies to gains arising from the sale or disposition of immovable property situated in Cyprus and shares in companies not listed in a recognised stock exchange which have immovable property situated in Cyprus. Such gains are not added to other income but are taxed separately at the rate of 20%.

Chargeable persons

All individuals and companies, irrespective of their status of residence, just as long as they are disposing of immovable property, or shares in companies which have immovable property situated in Cyprus.