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ln December 2015 the Cyprus tax laws were amended to temporarily exempt loan restructurings from tax in order to facilitate and encourage the restructuring of non-performing loans.

The conveyance procedure refers to the transfer of a property or its interests from one person to another (or parties) through the use of a written instrument.

Deloitte's annual Cyprus Tax Facts is part of our firm's endeavour to provide comprehensive and up to date information to taxpayers.

A year ago, on November 8th 2022, the Croatian Ministry of Finance announced the initialling of an income and capital tax treaty between Croatia and Cyprus...

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.

The transfer of a newly built property (before its first use/occupation), as well as of the plot on which the building is situated, is generally subject to VAT in Greece, provided that the building...

The Isle of Man and the Czech Republic signed a Tax Information Exchange Agreement (TIEA) on 18 July to regulate and facilitate the exchange of tax information between them.

To all cases where a contract of sale to purchase a property was deposited at the relevant District Land Registry Office on or before 31st December 2014.

Residency for income tax purposes, is determined whether an individual has lived in Cyprus for minimum 6 months in the tax year.

In 2021, Cyprus introduced a new property tax, but due to a mistake in the legislative process, it didn't come into effect until 2022.

On the basis of sections 104 and 105 of the Municipalities Law 111/1985 the Municipalities are imposing an annual professional tax on legal entities having a registered office and/or having their work performed ...

By a decision of the House of Representatives in July 2016, amendments have been made to the Immovable Property Tax Law (the "Property Tax").

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.

In recent days, we have witnessed discussion taking place with regard to the proposed amendments to the law of VAT on Properties.

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...

Cyprus has significantly reformed its VAT framework for primary residence acquisitions, introducing stricter eligibility criteria for the reduced 5% rate while maintaining transitional provisions for properties...

Immovable property tax is normally payable on 30 September each year by all owners of immovable property in Cyprus.