Temporary Tax Returns and Online Cyprus and UK returns
A new exchange rate applies for Expat Income on Cyprus Tax returns on 2015 Estimate Tax payments for income not taxed at source. This is payable by the Expats Retired with overseas pension income and Self Employed in Cyprus.
The half year rate is not as 'fair' as it could be but is the rate that should be used for confirming taxable cyprus income from overseas.
Tax Returns Due this Month Any Full 2014 Cyprus returns so far should be submitted by the end of July 2014/15 UK returns can now be submitted online to claim back tax at source on property and bank interest received. 2nd Quarter Social Insurance payments are due VAT for last quarter.
Tax Payments Due July 2015 In July 2015 the first of 2 installments for 2015 income can be paid. Plus any Balance for 2014 Full Cyprus Returns should be paid by the end of this month. While due by 30/6/15 it is not overdue until 31/7/15.1st installments should be paid in July if income arises with a tax liability in the UK. This may be contracting income overseas or Property Rental income or Royalties or other UK taxable income. UK
ProACT Tax Return and Registration Service. Contact us for help completing returns or for a Free Review to sort out snags.
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Thank You, Sam Orgill
ProACT Partnership - Tax Saving Expert
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