
Cyprus has the most generous personal income tax break in the European Union, sparing the first €19,500 of earnings from tax.
That cushion, higher than anywhere else in the bloc, helps explain why the island is often seen as a low-tax destination.
The figure was included in a study prepared for parliament after Akel MP Giorgos Loukaides asked how Cyprus compares with its European peers.
Twenty-two member states shared






