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Tax consequences of relocating to Cyprus

Written by Veronica Goncharenko on . Posted in You ask, we answer

Tax consequences

Question:
In March or April next year, I am considering to relocate (as an expat) from UK to Cyprus and work in Angola on a rotation basis while my family is living in Cyprus. What I should know about the tax consequences of my relocation to Cyprus.

Answer:
To help you develop an idea of how your tax situation may evolve, we need to look at, at least, two scenarios. Two scenario, not only because your question is not detailed enough and assumptions must be made (hence, different outcomes) but mainly because you may have an opportunity to predetermine your tax position.

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