The firm, based in Cyprus, has an international presence. Its services include Dispute Resolution, Property, Shipping, Immigration, Commercial and Corporate Law. It is highly ranked by leading legal directories, including Legal500 and Chambers and regularly receives accolades from the Cyprus Government and international bodies, in recognition of its excellent service and commitment to the values of integrity, efficiency and professionalism.
The House of Representatives has recently voted and amended the
Value Added Tax Law with a 19% VAT on plots, in line with the
European acquis.
The 19% VAT rate will only be imposed on the sale of plots to be
built on, which fall within the scope of economic activity, and
will be imposed on plots sold by a business/trader who is
registered for VAT and will be paid in cases where the enterprise
or individual is registered for VAT.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
