The Central Bank of Cyprus (CBC) has found that Cyprus’s 2026 personal income tax reform will deliver its largest financial gains to upper-middle-income and high-income households , according to a recently published working paper.
The paper , titled Assessing the Distributional and Fiscal Impacts of Cyprus’s Personal Income Tax Reform , was prepared by Aris Avgousti , Charalambos Michael and Georgiana Photiadou and examined how changes to personal income taxation
