Cyprus introduced changes to the special levy on gross salaries. The Special Levy on gross salaries and pensions of private and public sectors, as well as self employed earnings which was introduced in 2012, will continue to be applicable until 2016. The lower rate of 2.5% will be applicable on amounts starting from EUR 1,500 instead of EUR 2,500 as it was in 2013.
For more information on tax matters we ask you to visit http://www.cccyprus.com/taxfirm/tax-advisory.
Cyprus introduced changes to the special levy on gross salaries. The Special Levy on gross salaries and pensions of private and public sectors, as well as self employed earnings which was introduced in 2012, will continue to be applicable until 2016. The lower rate of 2.5% will be applicable on amounts starting from EUR 1,500 instead of EUR 2,500 as it was in 2013.
For more information on tax matters we ask you to visit http://www.cccyprus.com/taxfirm/tax-advisory.