On the 9th of July 2024, Eurostat (the statistical office of the European Union) published its findings regarding house sales in the EU. According to Eurostat data, house sales were
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The Tax Department is set to fine homeowners who benefited from reduced VAT rates at the time of the purchase of their property while renting out their property through Airbnb
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Cyprus is considering easing residency rules for high-income earners. The new proposed bill foresees a minimum of EUR 250, 000 investment in residential property and EUR 40, 000 income from
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On February 7, 2024, following the meeting of the Council of Ministers of Cyprus, the Minister of Finance Mr. Makis Keravnos announced that the Council of Ministers approved the revision
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On February 20, 2024, the European Council announced the removal of the Bahamas, Belize, Seychelles, and Turks and Caicos Islands from the EU list of non-cooperative jurisdictions (the EU Black
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On February 15, 2024, at the training day of the Pancypriot Association of Land and Building, the Minister of the Interior Mr. Konstantinos Ioannou announced the new procedures for issuing property
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On February 21, 2024, despite previous opposition from the Ministry of Finance, the Cyprus Cabinet decided to abolish the annual company levy of €350 imposed on Cyprus companies. The Ministry
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In February 2021, the House of Representatives of Cyprus passed a law (Law 12(I)/2021) levying a 0.4% tax on all sales of immovable property whereby the proceeds would go towards
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On December 11, 2023, the Ministry of Finance of Cyprus announced the signing of a new double tax treaty and its protocol with respect to taxes on income and the
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As of 20 November 2023, the one-stop-shop shipping centre at the Deputy Ministry of Shipping in Limassol started its operations as a first step for matters related to the services
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