April 17th, 2018The government has submitted to parliament a draft bill indirectly exempting from payment of 19 per cent VAT young couples who buy land for the purpose of building a primary residence.
The issue is related to the passage of a law last November imposing 19 per cent VAT on building land.
In its wake, persons buying a finished housing...
May 9th, 2017
MPs on Monday continued discussion of a government bill which would impose 19 per cent VAT on land sales for commercial property transactions, amid concerns that this would lead to a cooling off in the property market.
Officials warned that Cyprus is liable to hefty fines from the European Commission unless it transposes...
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