Opportunities for Tax Deductions up to €3,000 for Taxpayers in Cyprus
January 13, 2026
Taxpayers in Cyprus can benefit from tax deductions of up to €3,000 per year under the tax reform. These deductions include interests on housing loans, rent, energy upgrades of the main residence, and the purchase of electric vehicles. Eligible families must meet specific income thresholds. Conditions include ownership of the residence and payment procedures. Additionally, there is a personal deduction for capital expenses related to energy upgrades and electric vehicles.