Cyprus
Reported as self-employment/business income on the progressive scale (0% up to ~EUR 19,500-22,000, then 20-35%), plus self-employed social insurance (16.6% on notional earnings) and 4% GESY. Business income, not capital gains.
Self-employment / business income (Schedule D trade or profession), not capital gains.
Progressive PIT: 0% up to EUR 19,500 (EUR 22,000 from 2026), then 20-35% (top 35% above EUR 60,000; EUR 72,000 from 2026).
Self-employed social insurance 16.6% on notional/estimated earnings (capped) plus 4% GESY health levy - roughly 20%+ total.
Register as self-employed; profits taxed on the progressive scale after deductible expenses. No flat small-business income-tax regime.
USDC payouts are ordinary trade income at EUR value on receipt; Cyprus has no specific crypto law, gains on later disposal generally untaxed for non-traders.
Prop firms based in Cyprus
Their payout history is tracked on-chain by Tradavi.