Income Tax on pensions

I have visited the Cyprus Government web site and my interpretaion of the income tax rate for widows pensions is that they are exempt. Do you know if this is the correct interpretaion please? I have sent an email to them but still awaiting a reply from the beginning of the year!
Thank you and Expat Focus is a great site.  

As far as I am aware the tax threshold here is €15K, under this you do not pay tax (I don't)

_________________

Jim - also @

www.CyprusLiving.org

 

Last edited by CyprusLiving on Fri Apr 10, 2009 10:33 am; edited 1 time in total

Hi
Is that £10k sterling or cypriot?
Thanks
Ray.

 

Cypriot of course, why would you want your tax paid in the UK..best part of living here ...almost!! ;0)

_________________

Jim - also @

www.CyprusLiving.org

 

Opps silly me!

 

Not silly at all.. ;o)

Just a provo on the above, with this dire exchange rate we are getting now for the € you must remember that we pay in euro's here and this will increase or decrease what tax you would have to pay here..and at the going rate....dire!! 98.0 € cents to the £ sterling today.

_________________

Jim - also @

www.CyprusLiving.org

 

on
As I understand it you can opt to have your pension taxed at 5% with the first 2K free of tax or pay standard Cyprus rate which Cyprus inland revenue website listed as first 19.5K tax free then 20% with the rate increasing above that (2008 rates)
Chris G