Taxation news
19 October 2007
Change of tax rates for individuals
For the fiscal year ended 2007:-
| Taxable income |
Tax rate |
| For every pound to CY10.750 |
0% |
| For every pound over CYP10.750 to CYP15.750 |
20% |
| For every pound over CYP15.750 to CYP20.600 |
25% |
| For every pound over CYP20.600 |
30% |
For the fiscal year ended 2008 and thereafter:-
| Taxable income |
Tax rate |
| For every Euro to
€19.500 |
0% |
| For every Euro over €19.500 to €28.000 |
20% |
| For every Euro over €28.000 to €36.300 |
25% |
| For every Euro over €36.300 |
30% |
