Cyprus-Forum.com

[GreekIslandGirl]

Surely, the tax you pay will depend on the amount of profit or income you made in that tax year. If you have no other income, you should be able to make as much profit as your personal allowance before you have to pay tax.

(Of course, if you don't want to get on the wrong side, phone the tax office. )

[dodo]

Surely, the tax you pay will depend on the amount of profit or income you made in that tax year.

I highly doubt in works that way. Why ? Because if that was the principle used, it would also mean that if one had some losses let's say, he/she would be able to deduct those from the income/taxes, thus people would rather take their chances on investing in the markets rather than paying taxes

[Maximus]

Surely, the tax you pay will depend on the amount of profit or income you made in that tax year.

I highly doubt in works that way. Why ? Because if that was the principle used, it would also mean that if one had some losses let's say, he/she would be able to deduct those from the income/taxes, thus people would rather take their chances on investing in the markets rather than paying taxes

of course it works that way.

register yourself as self employed, a sole trader or a ltd company and hire an accountant.