State collects over €30m in IPT
The state has so far put some €31.6m in its coffers from immovable property tax (IPT), as the rate of compliance touched 91 per cent,...
IPT
You can’t have your cake and eat it, Hasikos tells MPs
Interior Minister Socratis Hasikos told parties on Thursday that they couldn’t cut government revenues and then expect it to expand social welfare policy. MPs discussing...
Huge discounts on last round of IPT bills
Taxpayers will receive in the next few days their bills for immovable property tax (IPT) which will come with significant reductions, tax department senior official Klelia Papadopoulou...
IPT is an insidious and selective tax hitting just property
By Constantinos Lordos Your op-ed of July 15 (Our View: Populist IPT move a return to pre-Troika irresponsibility) came as a surprise considering that the...
Georgiades expects lawmakers to reform public wage bill after scrapping IPT
Finance minister Harris Georgiades said that he does not expect the discount on immovable property tax and its abolishment next year to upset the government’s...
Our View: Populist IPT move a return to pre-Troika irresponsibility
AFTER 10 days of endless haggling, a variety of proposals and crude populist grandstanding, the legislature on Thursday finally approved a sloppily improvised Immovable Property...
Discounted IPT rate passed, tax to be scrapped next year, parties say voted for ‘least unfair’ proposal (Update 2)
DISY LEADER Averof Neophytou’s radical proposal for slashing the state’s immovable property tax (IPT) by 75 per cent this year, and scrapping it altogether in...
Over 100 state officials enjoy both a salary and a pension
AROUND 120 active state officials are currently enjoying a full salary and a pension, costing state coffers some €1.2 million a year. The issue of...
Scramble to come up with IPT formula
PARLIAMENT will resume discussion of a last-ditch government proposal to amend the immovable property tax (IPT) regime on Monday, as each party tabled its own...
Neophytou tables bills to slash and then axe IPT
DISY leader and MP Averof Neophytou on Thursday tabled a bill proposing the lashing of Immovable Property Tax (IPT) by 75 per cent for 2016,...
Our View: Parties trying to outdo each other with populist solution for IPT
THE JOINT session of the House finance and interior committees that discussed the government’s new proposals for the Immovable Property Tax (IPT) degenerated into farce...
Political storm over property tax
Ruling DISY chief Averof Neophytou was roundly panned on Tuesday over a proposal he sprang a day earlier to scrap the Immovable Property Tax (IPT)....
Union of municipalities slam Cabinet’s IPT move
The Union of Municipalities criticised the government on Thursday over its decision to scrap immovable property tax (IPT) paid to local authorities as part of...
Cabinet proposes flat IPT rate of 0.05 per cent
The government on Wednesday proposed introducing a flat immovable property tax rate to 0.05 per cent and scrapping the IPT paid to local authorities altogether....
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...
Nearly three quarters have paid their IPT before deadline
Immovable property tax (IPT) has been paid by some 72 per cent of taxpayers who benefited from the 20 per cent discount for those who...
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...
State to reimburse early IPT payers
People who settled their immovable property tax before parliament approved a higher discount for early payment will be receiving cheques with the balance, a tax...
IPT deadline extended
The cabinet on Wednesday approved a bill extending the deadline for payment of immovable property tax to the end of November. The current deadline is...
Parliament responds to minister’s criticism over IPT (updated)
Parliament urged the government on Friday to avoid statements that were not consistent with the facts, after Interior Minister Socratis Hasikos accused the legislature of...