Major tax changes afoot for UK nationals living in Cyprus

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Major tax changes afoot for UK nationals living...
 © CyprusMail 2018
The updated UK-Cyprus Double Taxation Agreement (DTA) signed on March 22 this year in Nicosia will have major ramifications for UK nationals residing on the island.

Significantly, the new DTA will tax all government pensions at source (in the UK) and affected individuals will pay UK standard tax rates.

It should be stressed that this applies to publicly funded pensions – such as those received by former members of the British armed forces – paid by the government and not private pensions. Nor does it apply to the statutory state pension.

The DTA has not yet...


This article was automatically added to our system 24-6-2018

Major tax changes afoot for UK nationals living in Cyprus


The contents of this article including any associated images are © CyprusMail 2018
Views & opinions expressed in this article are those of the author and/or CyprusMail .

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