Cyprus Mail

Almost €85m collected from IPT

The government had collected €84.48 million from the immovable property tax (IPT) 2015 by December 3, which accounts for some 82.25% of the total amount owed.

The total discount granted to tax-payers who paid the tax by December 1 – benefiting from a discount of 20% and 17.5% according to the relevant law – was up to €20.29 million. The percentage of individual taxpayers who have paid their tax was 89.55%, while the responding percentage for legal persons was 70.49%.

A total of 77% of taxpayers who belong to higher tax brackets have paid. According to the records of the tax department, 272,003 tax payments were imposed.
The amount which remains to be collected is €22,804,614, which corresponds to 17.9% of the total amount due of €127.39 million. (CNA)

Related Posts

George Colocassides: Dealing with the cost-of-living crisis

Staff Reporter

One man’s battle to return Cyprus’ Moon rock

Jonathan Shkurko

Nicosia police investigate attempted murder at nightclub

Staff Reporter

Nicosia weekend events to welcome February

Eleni Philippou

Ministry says it doesn’t endorse any move to prevent feeding of stray cats

Staff Reporter

Averof Neophytou: A focus on income tax reform

Staff Reporter


Comments are closed.