Expat Tax Saving Checklist

Sam Orgill of ProACT Partnership with Tax Saving Tips for Expats

Expat Savers can make more tax savings following changes in the UK and Cyprus Taxes.

Tax Savings can extend to inheritance following changes to Wills and Inheritance tax rates in the UK.

Cyprus Tax on Savings

If you are Cyprus Tax resident but not domiciled in Cyprus, then you have 0% Saving taxes (Defence Levy) to pay. This tax saves 30% on interest and 17% on dividends. Whether the income is earned in Cyprus or abroad.

If you pay 30% tax at source in Cyprus banks you can apply to have this paid gross.

If you earn interest abroad, declare on your Cyprus return to confirm the 0% Cyprus tax rate. Then you can reclaim tax in from the other country if the double taxation treaty allows.

The same with dividends: declare them in Cyprus for 0% tax rate; reclaim any tax at source if allowed.

*Tax Saving Tip: *Ask ProACT for tax saving returns and rebates.

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Thank You,

Sam Orgill

ProACT Partnership - Tax Saving Expat Experts

TAX - BUSINESS - WILLS & ESTATES - IMMIGRATION - PROPERTY SERVICES

ProACT Private Client Expatriate Advice Services for professionals, business and the retired living and working abroad, relocating overseas, investing offshore.

OFFICE TEL: +357 26 819 424 *- Cyprus Time Monday to Friday 8am -4 pm

RECEPTION TEL: +44 1753 27 2116 FAX: +44 1753 27 2001

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ProACT Partnership - Expatriate Advice - Tax Saving Expat Experts

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ProACT Partnership www.proactpartnership.com

Phone +357 26 819 424

ProACT Partnership Expatriate Advice Private Client Services for professionals, business and the retired living and working abroad or relocating overseas or investing offshore. TAX - WILLS & ESTATES - IMMIGRATION - PROPERTY - INVESTMENT - BUSINESS Private Client Services for Offshore, Overseas and Expats CYP TEL: +357 26 819 424 CYP FAX: +357 26 221 223 UK Tel: +44 1753 27 2116 UK FAX: +44 1753 27 2001 UK OFFICE: 59-60 Thames Street, Windsor, Berks, SL4 1TX, UK CYP OFFICE: 5 Michalaki Christodoulou Street, Office 204, PO Box 62474, 8065 Paphos, Cyprus This email is intended for the email recipient only and if received in error should be deleted and the sender notified by reply.