Going international
Portuguese Special Tax for Non-Habitual Residents
A special tax regime for non-habitual tax resident individuals offers tax saving opportunities for foreign pensioners. Overview of the regime A foreign-source occupational pension may be fully exempt from tax for a ten-year period, if its recipient qualifies for the … Continue reading
Cypriot VAT Increase
The standard value-added tax rate in Cyprus increased from 15% to 17% on 1 March 2012, as part of a package of measures aimed at reducing the country’s deficit to 2.8% of gross domestic product by the end of 2012. … Continue reading
VAT amendments in Cyprus as from 1 March 2012
(a) Change to the standard VAT rate As from 1 March 2012, the standard VAT rate will increase from 15% to 17%. (b) Changes regarding the obligation to issue receipts All taxable persons that supply goods or services are obliged … Continue reading







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