I have a joint account with deferred Cypriot citizen in a bank in Cyprus since 2004. The tax on the interest (10%) held by the bank there. Finally we also have to pay tax on the interest in this case? If transfer and other money transfer applicable to this account will no complication with the repatriation of this capital later?
Thanks for the useful and simple tips to offer.
As I know:
1. The tax (on interest) if the account is shared with the Cypriot applicant, as you say, is paid in Cyprus. as possible. If you were only one applicant, a resident of Greece, will be taxed in Greece. The interest may be taxed once. Or Cyprus or Greece.
2. If you transfer more money from Greece, and transfer it to this account will be able to repatriate without any problem.
(The issue for me is how can you trust the other joint holders)