Earthquake tax in TRNC

It may sound peculiar, but Northern Cyprus has implemented a tax of this nature, which is added to certain customary contributions towards the national treasury.

• Introduction of the Tax
• Amount of the Tax
• Frequently Posed Questions

Commencement of the Earthquake Tax

The Northern Cypriot government sanctioned this levy a fortnight after the catastrophic earthquake in the eastern region of Turkey, transpiring on February 6, 2023. The purpose of this assessment is to aid in the revitalization of the economy in the affected areas and assist the inhabitants who have been displaced, bereft of their sole dwellings.

Magnitude of the Earthquake Tax

The tax rate is contingent upon the monthly income:

• 1% for earnings ranging from 10,000 to 30,000
• 1.5% for earnings ranging from 30,000 to 55,000
• 2% for earnings ranging from 55,000 to 75,000
• 5% for earnings exceeding 75,000 Lira

Frequently Posed Questions Regarding Taxes in Northern Cyprus

Over what duration will this tax be in effect?

By the legislators of Northern Cypens, this tax will remain in force for a year, concluding on February 20, 2024.

What other forms of taxation exist?

Additional forms of taxation in Northern Cypens include an income tax (refer to details on the minimum wage), a tax on real estate acquisitions (acquaint yourself with this tax here), a tax on property rentals (extensive information can be found on this page), and a transportation tax (payment methods detailed here).

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