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Income Tax on pensions

Discussion forum for expats moving to or living in Cyprus.

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Income Tax on pensions

Post Posted: Tue Mar 27, 2007 6:46 pm

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.  

Beeno
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Re: Income Tax on pensions

Post Posted: Tue Mar 27, 2007 11:18 pm

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


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Jim - also @

www.CyprusLiving.org

 


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

CyprusLiving
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Re: Income Tax on pensions

Post Posted: Wed Jun 27, 2007 8:13 pm

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

 

RayGreen
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Re: Income Tax on pensions

Post Posted: Wed Jun 27, 2007 10:20 pm

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


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Jim - also @

www.CyprusLiving.org

 

CyprusLiving
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Re: Income Tax on pensions

Post Posted: Thu Jun 28, 2007 11:12 am

Opps silly me!

 

RayGreen
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Re: Income Tax on pensions

Post Posted: Wed Jan 28, 2009 9:41 pm

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. Crying or Very sad


_________________

Jim - also @

www.CyprusLiving.org

 

CyprusLiving
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Re: Income Tax on pensions

Post Posted: Mon Mar 30, 2009 6:42 pm

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

 

chrisgarner
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