Is the British Pension subject to Tax payment?
A. Yes it is! According to the Cypriot tax system you are obliged to declare your income from pension. Individual non-Cypriot residents are taxed on a flat basis of 5% per annum on pension and investment income brought into Cyprus. In some circumstances, exemptions totaling up to cy£4,000 per individual or cy£8,000 per married couple apply.
Yes it is! According to the Cypriot tax system you are obliged to declare your income from pension. Individual non-Cypriot residents are taxed on a flat basis of 5% per annum on pension and investment income brought into Cyprus. In some circumstances, exemptions totalling up to cy4,000 per individual or cy8,000 per married couple apply.
