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PostPosted: Sat Aug 22, 2015 11:29 am 
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Graduate

Joined: Tue Sep 22, 2009 5:54 am
Posts: 243
Location: UK
Hallo
Has there been any change in tax on interest which jumped from 10% to 30%?
Thank you


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PostPosted: Sat Aug 22, 2015 11:39 am 
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Joined: Mon Apr 29, 2013 5:19 pm
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Location: Rochdale, UK and Konia/Antigua
not since your 1st post RN13

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PostPosted: Sat Aug 22, 2015 12:01 pm 
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Star
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Joined: Wed Jul 31, 2013 9:26 pm
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What's this thing about "non domiciled" don't have to pay defence tax ?


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PostPosted: Sat Aug 22, 2015 12:33 pm 
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Graduate

Joined: Tue Sep 22, 2009 5:54 am
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Location: UK
Seemingly new legislation proposed July 2015 whereby 30% defence tax on interest would cease to apply to people residing but not domiciled in Cyprus.


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PostPosted: Mon Aug 24, 2015 2:10 pm 
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Graduate

Joined: Tue Sep 22, 2009 5:54 am
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Location: UK
I have now received confirmation that if one is a tax resident of Cyprus but not domuciled in Cyprus, then zero tax on interest.
Apparently new legislation - July 2015.


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PostPosted: Mon Aug 24, 2015 5:43 pm 
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Master
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Joined: Sun Aug 10, 2014 6:42 am
Posts: 448
Location: Peyia Paphos
https://scontent-mxp1-1.xx.fbcdn.net/hphotos-xpf1/v/t1.0-9/11817206_10153493489914764_8547060851281129083_n.jpg?oh=f53024de9616fe47966405b96a7fcfba&oe=563FD067

am thinking it may be applicable sept 4th


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PostPosted: Tue Aug 25, 2015 7:56 am 
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Graduate

Joined: Tue Sep 22, 2009 5:54 am
Posts: 243
Location: UK
My understanding is July 2015. However, i have enquired & await reply.


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PostPosted: Tue Aug 25, 2015 8:19 am 
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Star
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Thanks for that link toonarmy , I could not get my head round this domiciled business . But the way I read it , although i have lived here 5 years I have my yellow slip and am in the Cyprus tax system , I am considered "non domiciled " until I reach 17 years here (if I live that long ;) )

Not that it makes much odds to me , I only get a few pennies a year interest , but I can see it will be a plus to some people .


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PostPosted: Thu Aug 27, 2015 12:53 am 
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Graduate

Joined: Tue Sep 22, 2009 5:54 am
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Location: UK
Confirmation now received that new leguslation came into force last month-July 2015


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PostPosted: Thu Aug 27, 2015 6:58 am 
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Joined: Sun Aug 10, 2014 6:42 am
Posts: 448
Location: Peyia Paphos
Thanks for that RN13


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