Hey everyone!
Over the months I’ve been seeing many outdated calculators being posted.
Most importantly though, some of them even track your tax valueswhich can be a major privacy issue.
My team and I have been working over the past month on our own calculator.
Here is what makes it different:
* You can insert multiple types of incomes
* Gives you recommendations on what to do in your unique situation
* Privacy preserving
* It’s always updated with the latest TAX provisions (Internally, we have fine-tuned our own LLM to be able to interpret the Greek written law, this notifies us whenever one of our blogs / tools become outdated.)
Unfortunately, none of us get a formal education on taxes (it should be taught in school!).
My colleague valkers21 is working on a comprehensive guide on everything you need to know on taxes, should be posted next week.
And more to come 🙂
Looking forward to your feedback!
Posted by Stivennoni77
5 Comments
Thank you for this,will give it a go!
Will you add other values that can contribute to the 1/5 tax exception? Like life insurance etc.
Ηi it would be nice to clarify if it is calculated with the 13th salary or without, because i think there is a difference.
Over all i like the feel and the experience of the site👍
People use these tools and they always have the wrong tax.
Especially foreigners who come to Cyprus, are eligible for 20% and 50% tax deductions. Cypriots from the other side, have life insurances, donations and medical funds.
For the people which are completely clueless I need to explain to them why this difference each time.
Regarding rent, you don’t calculate the wear and tear base on the cost or interest on loans.
What about GESY contribution from the sale of stocks?