Travel to Cyprus

The immovable property tax in Cyprus is based upon the value of the property on the 1^st of January 1980. If the value of the property at that time exceeds € 170.860,14 then the registered owner of the property must pay immovable property tax according to the following scales:

Value of Property at 01/01/1980 (Euro) Up to 170.860,14 170.860,15 – 427.150,36 427.150,27 – 854.300,72 over 854.300,73

Annual Property tax Exempt 2,5 0/00 3,5 0/00 4,0 0/00

 

Read more:

http://www.multilysis.com/tax-advice-consultancy.php

http://www.pirilides.com/en/cyprus/practices/taxation-law-in-cyprus/2

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