Paphos Life

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

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

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

Thanks.

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

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

mike strand2 wrote: ↑Tue Apr 04, 2017 9:00 pm 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

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.

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

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