Paphos People

Hallo
Has there been any change in tax on interest which jumped from 10% to 30%?
Thank you

not since your 1st post RN13

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Age improves with good wine

What's this thing about "non domiciled" don't have to pay defence tax ?

Seemingly new legislation proposed July 2015 whereby 30% defence tax on interest would cease to apply to people residing but not domiciled in Cyprus.

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.

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

My understanding is July 2015. However, i have enquired & await reply.

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 .

Confirmation now received that new leguslation came into force last month-July 2015

Thanks for that RN13