PPRuNe Forums - View Single Post - Cyprus Levy on Bank Accounts
View Single Post
Old 26th Mar 2013, 19:08
  #140 (permalink)  
Nomorefreetime
 
Join Date: Feb 2008
Location: UK
Posts: 125
Likes: 0
Received 0 Likes on 0 Posts
I am told by my daughter who was recently in Cyprus that you only pay tax on your first income. Apparently a storeman at Akrotiri worked 7-1 for the usual peanuts and paid taxes accordingly. Back home he could run his restaurant etc tax-free. True?
That is the exact reason when you drive around town and see a shop with a few dresses in the window, the shop is hardly ever open. 1st business. I also believe this is a truth
Nomorefreetime is offline