Cyprus Mail
Cyprus Property

Discount for IPT payments made by December 1

HOMEOWNERS who pay their immovable property tax in full by December 1 will receive a discount, the tax department said.

It said 20 per cent would be shaved off if paid online through and banks.

If paid at district offices, people can receive 17.5 per cent discount.

Payments by December 31 will not be liable for any interest or fines no matter what platform people use to settle the amount.

After December 31, payments can only be made to district offices and are subject to an extra 10 per cent charge.

The tax department also sought to remind businesses of the law in issuing official receipts and said they would be inspecting places in February 2016.


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