double taxation for Dutch retirees in Cyprus

Last activity 01 September 2022 by jacquelinesmolders

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Karl HarmsenNew member16 February 2021 19:12:08

I am retired and resident in Cyprus as september 2020. I have a pension (ABP) and social security (AOW). I have to pay tax in The Netherlands and, as I understand it, also in Cyprus, because The Netherlands has no tax treaty with Cyprus. Is this correct? Is there anybody who can help me in this respect? Thanks.

CynicUK / Netherlands Expert16 February 2021 19:33:48

7670

Hi and welcome to the Forum.

The Netherlands and Cyprus had agreed the texts of a tax treaty just before Covid; it was due to come into force on 1 Jan 2021; I can't find any record of what happened to it after that.

My advice is to go and find a Cypriot tax advisor and see what he/she can find out.

Hope this helps.

Cynic
Expat Team

Karl HarmsenNew member16 February 2021 20:16:32

Thanks a lot.
I will contact the Dutch Tax service: they should know what happened to the draft text, if anything.
Regards, Karl

shotokan101Serial expat16 February 2021 20:31:56

288

Looks like it was signed but didn't specifically mention/cover pensions....

https://www.ptcy.com/cyprus-netherlands … -a-72.html

Jim

CynicUK / Netherlands Expert17 February 2021 08:34:42

7670

shotokan101 wrote:
Looks like it was signed but didn't specifically mention/cover pensions....

https://www.ptcy.com/cyprus-netherlands … -a-72.html

Jim

Yeah - I saw that as well, but it doesn't provide any additional information so we can go and read it our self. The EU maintains a register of all the tax/social treaties its member countries have enabled, it's not on there, which is strange and makes me think it maybe stuck between agreement and publication.

Perhaps somebody living in Cyprus who know a tax adviser could find out for us.

ToonCyprus Expert17 February 2021 08:49:05

9878

Try Blevins Frank’s in paphos

Karl HarmsenNew member19 February 2021 09:54:55

Thanks, Toon.
I had seen their website and I downloaded their brochure. Did n't know they have an office in Paphos.
Karl

ToonCyprus Expert19 February 2021 09:58:55

9878

yes they do and its not far from Paphos Lidls on the way to the general hospital between that major crossroads on the mesogi road and the big water fountain - - opposite side of the road to Michaels Automotives next to the MRI centre

ToonCyprus Expert19 February 2021 10:10:35

9878

If you do make contact ask for Nick Cairns he was great for us

shotokan101Serial expat19 February 2021 13:19:44

#10

288

Toon wrote:
If you do make contact ask for Nick Cairns he was great for us

Reasonably priced Toon?

ToonCyprus Expert19 February 2021 13:27:32

#11

9878

I think You can get a free consultation... we did and it proved to be the best advice we could ever have got

Karl HarmsenNew member19 February 2021 18:06:17

#12

Thanks a lot

BeanieActive member24 March 2022 15:59:40

#13

Karl the-point of a DTT is that You don’t pay tax twice,. I have danish pensions taxed on source so no Cyorus tax,

Karl HarmsenNew member24 March 2022 18:11:12

#14

thanks

shotokan101Serial expat28 March 2022 13:49:11

#15

288

Whilst your point is correct surely it's only part of the benefits?

Doesn't it also normally allow you to choose which country you have your income taxed under?

This can be a substantial benefit to pensioners - for example - due to the low tax on pension income under Cyprus tax laws...

Jim

ToonCyprus Expert28 March 2022 13:59:16

#16

9878

Some Jim ..eg some UK gov pensions are outside of the dtt agreement and must be taxed in UK .. but the taxes paid can be offset against taxes paid in your resident country.... Further if you physically do any work here even remote working then you must be taxed here

CynicUK / Netherlands Expert28 March 2022 17:34:56

#17

7670

Hi all.

The Dutch Government website has a page that deals with this specific matter; this link will take you straight to it.

Hope this helps.

Cynic
Expat Team

shotokan101Serial expat05 April 2022 16:50:46

#18

288

@Toon

Thanks Toon - I was aware of the gov.uk Pensions "restrictions" but hadn't considered that similar clauses might be included in other countries taxation agreements

Jim

jacquelinesmoldersActive member01 September 2022 17:14:04

#19

@Karl Harmsen

yes they have

thats all I know

not much of a help....

can you e mail me ?

i live in paphos

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