What is GHS tax in Cyprus?

The General Healthcare System (GHS) is a 2.65% tax on gross rental income in Cyprus, payable twice yearly on June 30 and December 31 by all property owners, including non-residents.

Do Israeli property owners need to file Cyprus tax returns?

Yes, if your Cyprus rental income exceeds €19,500 annually, you must file a Cyprus tax return (TD1 form), regardless of your residency status.

What are the Cyprus income tax rates for rental properties?

Cyprus income tax rates are progressive: 0% up to €19,500, 20% on €19,501-€28,000, 25% on €28,001-€36,300, 30% on €36,301-€60,000, and 35% above €60,000.

When are Cyprus tax deadlines?

GHS payments are due June 30 and December 31 for semi-annual periods. Annual income tax returns (TD1) are due by September 30 for the previous tax year.

What happens if I miss a Cyprus tax deadline?

Late payment results in a 5% penalty surcharge plus annual interest of approximately 2-3%. Persistent non-payment can lead to legal action and complications when selling property.

How much does KMB charge for Cyprus tax services?

Tax form preparation starts at €150, GHS tax management is included with tax preparation, and ongoing compliance support is €299 per year. All pricing is transparent with no hidden fees.

Do I need to be in Cyprus to use KMB services?

No, KMB provides 100% remote service. We work entirely online with Israeli property owners, handling all Cyprus tax obligations without requiring you to visit Cyprus.

What is the Special Defence Contribution (SDC)?

The SDC is a 3% tax on rental income that normally applies only to Cyprus residents after a 25% deduction. Most Israeli property owners are exempt from SDC unless they are Cyprus tax residents.