Cyprus: Property Taxes

Cyprus offers attractive tax benefits through its non-domicile status, but many applicants struggle with documentation and compliance requirements. Understanding the distinction between tax residency...

The Cyprus Tax Department has issued new guidance extending the examination period for pending VAT declarations and clarifying transitional provisions for the reduced 5% VAT rate on primary residence acquisitions and construction. Key deadlines and eligibility criteria have been established for properties with planning permits issued or applied for by October 31, 2023.

Cyprus has evolved from a traditional tax haven into a fully compliant EU jurisdiction offering competitive tax structures for international business owners.

Purchasing property in Cyprus can often have a number of potential pitfalls. We always urge potential purchasers to exercise extreme caution when buying a property, particularly if the title deed...

Transferring ownership in immovable property in Cyprus is typically done by means of transfer of title at the appropriate district lands office (the department of lands and surveys...

Immovable Property Tax has been abolished as from 1 January 2017. Until tax year 2016, the owner of immovable property situated in Cyprus was liable to pay an annual IPT which was calculated...

The Cyprus Tax Department has issued a reminder that 3 July 2018 is the final date for submitting applications for payment of overdue taxes by monthly instalments under the Process of Adjustment...

Cyprus, an island of 9,251 square kilometres in the Eastern Mediterranean at the crossroads of Europe, Asia, the Middle East, and Africa, is ideally located as an international business and financial centre.

PKF Cyprus Tax Guide 2018 (Cyprus Tax Facts 2018) provides comprehensive and up to date information to Cyprus Companies and Individuals on Cyprus tax system and on Cyprus Tax rates,