Hi everyone,
I have a UK company in which I can take out a directors salary up to 12k GBP/year without having to pay any tax or other social security contributions in the UK. If I would be a tax resident or non dom in Cyprus, would this be completely exempt from tax? As far as I know there is no tax up to 19k EUR but what about social/health care contributions? If I would use the 90 day rule (spend 90 days outside of Cyprus, would I avoid all taxes and social contributions on the foreign (UK) income of 12k GBP?
Thanks for clarifying!
I have a UK company in which I can take out a directors salary up to 12k GBP/year without having to pay any tax or other social security contributions in the UK. If I would be a tax resident or non dom in Cyprus, would this be completely exempt from tax? As far as I know there is no tax up to 19k EUR but what about social/health care contributions? If I would use the 90 day rule (spend 90 days outside of Cyprus, would I avoid all taxes and social contributions on the foreign (UK) income of 12k GBP?
Thanks for clarifying!
