UK to Abolish Non-Dom Tax Regime – What Does This Mean for Cyprus?
The UK will abolish the non-dom tax regime from April 2025 and introduce a new “residence-based scheme with internationally competitive arrangements for people coming to the UK on a temporary basis”, the country’s Chancellor of the Exchequer, Rachel Reeves, announced while presenting the UK’s budget for 2025. “We will abolish the non-dom tax regime and…