Ask a question – get an answer!
- Harris Sharpe
The Idea
In my strive to to create an information website I create this page where you may ask questions concerning the Laws of Cyprus. I will answer questions as they arise and in any case not later than two business days.
Disclaimer
Please have in mind that information provided is for your personal knowledge and not to be applied in your personal or professional dealings. Should you require legal advice please consider engaging an independent professional who will be happy to provide his services for a fee.
How to ask a question
To ask a question please insert your details below above the comment box. Note your email address will only be made available to me and it will not be shown or made available to any other visitor or third party.
For the purposes of this site only the name and website you specify will be publicly available, for an example please consider the post “Death of Bin Laden act of Justice or Revenge“.
Because Cyprus is an international and/or European hub for shipping companies, it has attractive taxation schemes for such businesses. For example generally: No income tax levied under Cyprus national tax law on the wages of officers and crew working on ships under Cyprus flag in international traffic. It also has advantages tax treaties in this regard, see for example for Germany http://www.slideshare.net/Urbahns/international-traffic-newsletter-2011-no-5-9995833#btnLast
My questions: 1. Will this special rule for ship crews be applied regardless if the crews are resident in Cyprus or not ?
2. What does this effectively mean for taxation purposes, i.e. is such crew required to file income tax returns in Cyprus or do they just get their money and walk away?
3. By what means are the crews able to proof the salary received in Cyprus in their home country respectively the waiver of taxation right of Cyprus under domestic law, i.e. when no Cyprian income tax return is required does Cyprus confirm their waiver of taxation right?
Any more information on these questions is highly appreciated!
Good morning Harris.
Thank you for the reply. I will check the Double Tax Treaty between Cyprus and Russian then.
Rgrds,
Elena