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All reports tagged with: "tax"

Tax shock for British residents in Cyprus

The revised UK and Cyprus Double Taxation Convention, which was signed on 22 March, could result in higher taxes for some retired British residents in Cyprus whose pensions are paid by the UK Government.

Taxing Airbnb property rental income

The practice of renting properties in Cyprus through Airbnb and other websites has come under the scrutiny of the tax authorities who are looking to address the problem of tax evasion on rental income received.

Gary Robb ordered to pay £1.6m tax

Convicted fraudster Gary Robb who was forced to repay more than £1m to victims of a property scam has now been ordered to pay £1.6m in tax on his illicit earnings from drug dealing.

Cyprus major tax debtors list

Cyprus Finance Minister Haris Georgiades’ list of the top 50 tax debtors includes property developers, large football clubs and hoteliers and has been published in the public interest by Stockwatch.

Expatriates could pay more tax

Expatriates who rent out their houses in Britain supplement their income abroad could find themselves paying more tax on their rental income under proposals prepared by George Osborne.

Sweeping powers for taxman

Sweeping new powers for the taxman could further impede the ability of a property buyer to secure the Title Deeds to the property they’ve purchased if the tax debtor fails to settle his tax bill.

Rich foreigners being fleeced over local taxes

The practice of councils fleecing foreigners continues despite a conclusion by the ombudswoman in her 2011 report that there was a prima facie issue of a possible indirect (covert) discrimination against them on the grounds of nationality/citizenship.

Real estate roundup

New housing loans from the Bank of Cyprus, progress on Immovable Property Tax collection and a World Cup probe into a land deal involving a member of FIFA’s executive committee.

UK tax man targets offshore bank account holders

A nationwide HMRC programme is tracking down UK taxpayers with offshore bank accounts in Cyprus and pursuing them for unpaid taxes on the interest earned on their capital.

UK tax axe falls on overseas property investors

HM Revenue & Customs has set up a team of investigators to track down UK-based individuals who are letting out property in Cyprus and other countries without declaring its rental income.

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