A Cyprus tax resident company is taxed on all taxable income accruing or arising from sources both within and outside Cyprus. A non-Cyprus tax resident company is taxed only on taxable income accruing or arising from sources within Cyprus.
A company is considered to be tax resident in Cyprus if it is managed and controlled from Cyprus.
Effective 1 January 2023, a company incorporated or registered in the Republic of Cyprus but is managed and controlled from outside the Republic of Cyprus, will by default be considered a tax resident of Cyprus provided it is not tax resident in any other jurisdiction.