On 14 July 2017 the House of Representatives voted into law, an amendment to the definition of “Cyprus tax resident individual” as per the Income Tax Law.

More specifically, as of 1 January 2017, an individual who:

does not spend more than a total of 183 days in any State within a tax year and

is not a tax resident of another State within the same tax year

and satisfies the following three conditions:

remains in Cyprus for at least 60 days in the tax year;

carries on a business in Cyprus or is employed in Cyprus or holds an office in a Cyprus tax resident person at any time during the tax year and

maintains a permanent home in Cyprus that is either owned or rented

will be considered as a Cyprus tax resident.

It is important to note that, if the employment/business or holding of an office as per the condition (ii) is terminated, then the individual shall cease to be considered a Cyprus tax resident for that tax year under these extended rules.