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Significant Changes In The Cypriot Tax Legislation Regarding Granting Of Exemption On Employment Income Earned By Persons Who Were Not Previously Tax Residents Of Cyprus
On 14 July 2022, the House of Representatives passed amendments to sections 8 (21) and 8 (23) of the Income Tax Law (“the Law”), that provide for a 20% or 50% exemption from employment income for individuals who take up first employment in Cyprus.
