I am paid a commission, earnt here in Cyprus, by a UK company to my Alpha bank account.
As it takes me over both the VAT and income tax threshold here in CY, my CY accountant says I have to pay both VAT and CY Income Tax on it.
Is anyone else in the same position? Seems like I'm being taxed twice for the same thing. Didn't realise you have to pay VAT on what is basically an income.
Any advice would be appreciated.
Many thanks.