ARTICLE
19 January 2022

Abolishment Of ‘Real Estate Developers & Contractors'

Ki
KPMG in Cyprus

Contributor

KPMG has been operating in Cyprus since 1948 and currently employs more than 800 professionals working from 6 offices across the island. It is a member of KPMG International Limited, a global organisation of independent professional services firms providing Audit, Tax and Advisory services. KPMG operates in 143 countries and territories and has approximately 273,000 people working in member firms around the world. Clients look to KPMG for a consistent standard of service based on high-order professional capabilities, industry insight, local knowledge and expertise.
The Tax Department has released on 12 October 2021 the Interpretative Circular 53 relating to the above subject.
Cyprus Real Estate and Construction

Tax alert | Abolishment of Tax Circular 1987/21 'Real Estate Developers & Contractors'

The Tax Department has released on 12 October 2021 the Interpretative Circular 53 relating to the above subject. The Circular refers to the tax treatment of real estate developers and contractors from the 2022 tax year onwards.

The relevant Interpretative Circular can be found below.

Το Τμήμα Φορολογίας εξέδωσε στις 12 Οκτωβρίου 2021 την Ερμηνευτική Εγκύκλιο 53 αναφορικά με το πιο πάνω θέμα. Η Εγκύκλιος αναφέρεται στο φορολογικό χειρισμό των υπό αναφορά φορολογουμένων (εταιρείες ανάπτυξης γης και εργοληπτικές εταιρείες) από το φορολογικό έτος 2022 και μετέπειτα.

Πιο κάτω μπορείτε να βρείτε την σχετική εγκύκλιο.

Ερμηνευτική Εεγκύκλιος 53

φόρος-εισοδήματος.

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