Cyprus New Tax Savings for Expats - Now non-dom Cyprus expats pay no saving taxes.
What a 6 months. Cyprus under scrutiny from the Troika came up with game changing tax changes that reposition Cyprus as a Tax Friendly location for Expats living, working, investing and retired abroad.
These changes impact on the laws of succession affecting Wills, Trusts, and in turn Property, Business and Investments. The EU inspired legal changes allow new ways to save inheritance tax, a tax residence with no saving or investment taxes, maintain a pension tax environment of 5% income tax, discounts in property taxes on purchase and capital gains exemptions on overseas Cyprus property sales.
At the start of 2015 Expats paid up to 30% tax in Cyprus on Bank Interest, now this is reduced to nil.
How does this affect your Family planning for inheritance, business and overseas property savings and investment?
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