In part 6 of our series "7 Tax Changes for Expats this Spring" we look at how the IR35 tax regime is extended to expat UK service companies.
ProACT Know How
If you need help and assistance making your annual Cyprus tax return before the end of June, or registering your business for social insurance, contact us at www.proactpartnership.com/contact-us
Read more from the 7 Tax Changes for Expats this Spring series
In part 5 of our series "7 Tax Changes for Expats this Spring" we look at how tax returns are now compulsory for Cyprus tax residents. A big change for Cyprus tax payers is that every tax resident has to complete a tax return for 2019. In the past, if you had no taxable income, you didn't need to do a tax return. You only needed to complete a tax return in Cyprus if you had taxable income.
The new Cyprus Health Tax continues to cause confusion for Expat families and businesses.
The complications come from a number of different directions and this is the next area we will explore in our series on tax issues affecting Expats for 2020.
Inheritance Tax is the next area Expats need to consider in relation to tax in 2020. There are no expected changes for the UK regarding Inheritance Tax, but generally, UK domiciled people have a 40% liability on their worldwide assets, upon death.
UK Property Sales to Pay Capital Gains Tax at Source is the second of a series of 7 articles relating to tax changes affecting Expats this Spring 2020. The world moves on, and Expats should consider the tax efficiency of their assets to protect Family, Business, Property and Pensions Living and Working Abroad.
Here in the second of the series, ProACT Sam looks at Capital Gains tax.
DOWNLOAD OUR FREE BREXIT CHECKLIST FOR EXPATS
To keep in touch with the changes that will come into play during the Transition Period, ProACT Partnership has created a checklist for Expats to monitor. This provides a list of the 10 things Expats should follow during the Transition Period.
11th March Will Introduce New Changes for Expats, find out how in this weeks vlog and podcast.