Cyprus-Forum.com

[tony harte]

I got this letter i think from my bank
something about defence tax
can any one translate it for me please

[raymanuva]

Is not for you i guess... are you renting an apartment from a Cypriot who lives aborad?

[tony harte]

No I own an appartment with my wife in Liopetri
But we are living in the UK
And we use it at present as a holiday
and we do not rent it out

Any help here on what it meens would be great

[Svetlana]

Hi Tony

I think it says, if you are not a Resident of Cyprus, notify them so that you do not pay the 10% Defence contribution, which applies to any interest on savings in Cyprus.

Lana

[tony harte]

Thanks for that Lana
Would you believe i pay a greek solicitor in Paralimni cy300 a year retainer and they cannot tell me what it is or deal with it on my behalf

[cypezokyli]

call the bank yourself

[michalis5354]

As Lana said the translation is :

You need to sign the questionairee that has been attached, to declare that you live abroad and therefore to be exempt for defence contributions.

Then you need to return the signed questionnaire by 30/11/2006 to :
Bank of Cyprus
POBox 21472
CY1599 Nicosia Cyprus

Otherwise you will be charged 10% on your interest for defence contribution according to the local legislation.

For more information call your Branch or the direct banking @ +357 22 848 000.

[tony harte]

Thanks Michalis

I wish they had sent me a copy in English
And my useless bastard solicitor could have told me this 2weeks ago
I great we have Greek speaking friends like yourself and Lana on this site, it takes us brits a while to adapt.
I am waiting for my learn Greek tapes to arrive, if i ever manage to learn Greek LOL

[Svetlana]

Hi tony

Usually the BoC print an English version on the reverse of the sheet.

Lana

[michalis5354]

You have the option to have your bank statement translated to either
Greek or
English .
So ring your branch and let them know that you want all your statements in English!

All my bank statements are in English!