Maggie Dolan

28/07/2021

For all tax residents of cyprus, you can now submit your income tax returns 2020 on-line.

15/02/2018

COMPULSORY ELECTRONIC SUBMISSION
of Income Tax Returns for Individuals 2017
via TAXISnet
The Tax Department informs that, the Income Tax Return for individuals 2017(employees / self-employed) is submitted only electronically via TAXISnet.
In order to submit the Income Tax Return, you need to register to the TAXISnet system
For more information, please contact our District Offices at the following telephone numbers:
Nicosia Limassol Larnaca Paphos Famagusta 22446191 25803737 24803705 26804364 23811518 22446192 22446194 25803799 24803725 26804365 22446213 23811436 22446202 25803797 24803625 26804366 22807492

To register for the on-line taxisnet service, go to https://taxisnet.mof.gov.cy/onSiteRegistrationSelect.do?dispatch=selectType

if successful you will be sent an email with all your log on details. It's not that easy, so if anyone has trouble, send me an email and I should be able to guide you in the right direction
Maggie

14/11/2017

https://www.gov.uk/government/publications/safeguarding-the-position-of-eu-citizens-in-the-uk-and-uk-nationals-in-the-eu/the-united-kingdoms-exit-from-the-european-union-safeguarding-the-position-of-eu-citizens-living-in-the-uk-and-uk-nationals-living-in-the-eu -new-status-in-uk-law

17) All EU citizens (and their families) in the UK, regardless of when they arrived, will, on the UK’s exit, need to obtain an immigration status in UK law. They will need to apply to the Home Office for permission to stay, which will be evidenced through a residence document. This will be a legal r...

11/10/2017

Acquiring Cyprus citizenship entitles a person, amongst others, to live and work in Cyprus without any restriction as well as travel without any formalities within the EU. There are essentially 4 ways in which an alien can acquire Cyprus Citizenship: (a) by naturalization, (b) investment by exemption, (c) through marriage to a Cyprus citizen, and (d) due to Cypriot origins.

Obtaining Cyprus Citizenship by Naturalisation

To be entitled to apply for Cyprus citizenship through naturalization, an EU citizen or third country national must have resided for a minimum 7 years (2555 days) legally in Cyprus, of which the year preceding the date of application should be full and uninterrupted.

Obtaining Cyprus Citizenship by Exemption through investment

The government of Cyprus has implemented a new procedure for exceptional naturalization of investors (Non-EU) which aims at facilitating investment in Cyprus by migrant entrepreneurs and investors who, in return for obtaining Cyprus citizenship, are prepared to invest in Cyprus. The new scheme has been established pursuant to amendments to the Cyprus Civil Registry and Migration Law. The investment allows the applicant (and eventually his wife & children) to hold a Cyprus passport and have all the benefits of a Cyprus citizen.

Registrations as a result of marriage to citizens of the Republic of Cyprus

A person of full age and capacity who has contracted a marriage to a citizen of Cyprus may submit an application after completing 3 years of marriage and harmonious cohabitation with the Cypriot spouse.

Obtaining Cyprus Citizenship due to Cypriot origins

A person can obtain Cyprus citizenship due to Cypriot origins as long as he/she satisfies certain criteria. There are different application forms depending on the age, origin and date of birth of the interested applicant.

11/10/2017

PERMANENT RESIDENCE OF UNION CITIZENS AND THEIR FAMILY MEMBERS (MEU3)
http://www.moi.gov.cy/moi/crmd/crmd.nsf/All/D1D71A1CD6E43223C2257D2C00459524?OpenDocument

Application MEU3 -
http://www.moi.gov.cy/moi/crmd/crmd.nsf/All/D1D71A1CD6E43223C2257D2C00459524/$file/%CE%91%CE%99%CE%A4%CE%97%CE%A3%CE%97-FORM%20MEU3.doc

11/10/2017

CITIZENS OF THE EUROPEAN UNION (MEU1)
(application for temporary residence in Cyprus)

1. The application for the issue of a Registration Certificate is submitted by a European Union citizen and family members who are also citizens of a Member State, within four months from the date of entry into the Republic.
http://www.moi.gov.cy/moi/CRMD/crmd.nsf/All/69E690A161D174D6C2257D2C0045750B?OpenDocument

Application MEU1 - http://www.moi.gov.cy/moi/CRMD/crmd.nsf/All/69E690A161D174D6C2257D2C0045750B/$file/%CE%91%CE%99%CE%A4%CE%97%CE%A3%CE%97-FORM%20MEU1.doc

04/10/2017

I've also been asked about UK state pension, number of qualifying years etc. here is a snippet from the government website as of today (remember that it can alter with new legislation):

''The earliest you can get the basic State Pension is when you reach State Pension age.
To get the full basic State Pension you need a total of 30 qualifying years of National Insurance contributions or credits. This means you were either:
working and paying National Insurance
getting National Insurance Credits, for example for unemployment, sickness or as a parent or carer
paying voluntary National Insurance contributions
If you have fewer than 30 qualifying years, your basic State Pension will be less than £122.30 per week but you might be able to top up by paying voluntary National Insurance contributions.
Get a State Pension statement to find out how many qualifying years you already have.''

I am attaching a template letter you can post to UK to find out if you have arrears. remember to fill in your name, address, date of birth and NI number.

19/09/2017

Personal tax rates 2017

The following income tax rates apply to individuals:
First 19.500 - 0 %
From 19.501 - to 28.000 - 20 %
From 28.001 - to 36.300 - 25 %
From 36.301 - to 60.000 - 30 %
Οver 60.000 - 35 %

Foreign pension income is taxed at the flat rate of 5% on amounts over €3.420. The taxpayer can however on an annual basis elect to be taxed at the normal tax rates and bands set out above

19/09/2017

Today I finally got around to making a page for some of the financial services I offer!!
I have lived in Cyprus for 20 years. I opened my own company here many years ago. My own experiences in dealing with accountants, VAT, social Insurance and tax have allowed me to help others in these areas.
I am not an accountant, or an auditor. I am someone who has worked in Finance for 33 years.
My goal is to make finance easier for people, without charging them a fortune.
I provide Book-keeping services to start-up, medium and large businesses, companies and self-employed people. I can help with income tax returns for working and retired people in Cyprus.
E-mail me and we can talk over whether I can be of assistance to you.