CNP CYPRIALIFE - Tax exemption through private insurance

Tax exemption through private insurance

Cyprus Tax Legislation provides that Income Tax is levied on any natural or legal person as follows:

  • If he / she is a Cyprus resident, on the income earned or derived from sources inside or outside of Cyprus
  • If he /she is not a Cyprus resident, on the income obtained or derived from sources within Cyprus

According to Cyprus law, a tax exemption benefit of up to 35% of the annual premium is provided as an incentive to citizens who insure themselves through private insurance.

Our website uses cookies for its proper and smooth operation, the provision of our services, the collection of statistical data and the provision of content tailored to your interests. For more information you may visit the Cookies Policy posted on our website. Select "I accept" if you accept the use of all cookies. Alternatively, you may set your own preferences by selecting "Settings".
Settings     Accept all Reject