Exchange rate used at tax office

[lefkes]

Tax form time, somebody will know ! the exchange rate the Paphos tax office is using for 2016.
Thanks in advance for any reply.

[PW in Polemi]

Popped in yesterday, rate is posted as 1.23 for 2016.

[JimX]

Just going to ask the same question, although they will tell you in the tax office.

Thanks.

[mike strand2]

Ministry of Finance foreign exchange rates can be found on line with the following rates:-

2016 FX Rate

MofF forein ex rates 2016.jpg (12.94 KiB) Viewed 3718 times

[mike strand2]

However, I note the FX rate on the day my pension is paid and that averaged 1.2139 over the 12 months.

[Mrblobby]

Ministry of Finance foreign exchange rates can be found on line

I had a look on line , and it showed the exchange as .85 to the pound for September , so about 1.16 , or am I looking in the wrong place ?

http://www.mof.gov.cy/mof/customs/custo ... enDocument

[galexinda]

I think you will find you have to use the rate set by the Tax office. It doesn't help that different tax offices show different rates.

[Aargent]

I always use the Customs and Excise, it is a Government Department so there is no argument . The average for 2016 is 1.2376

[galexinda]

FROM>>>Cyprus Inland Revenue (Tax) Office Nicosia
Subject: Προώθ.: 2016 EURO TO STERLING EXCHANGE RATE
Dear Sir,
We inform you that the average exchange rate for the year 2016 is 1 euro = 0,81948 sterling pound.

The exchange rate at the 31/12/2016 was 1 euro = 0,85618 sterling pound.

You have the right to choose any exchange rate from the above according to what is better for your benefit.
Thank you
Tel.No : 22-807334

0.81948 = 1.2202

0.85618 = 1.1679