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Tag: Circular 2/2025

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VAT

Cyprus Tax Department Announces Extension for Non-Taxation Election for VAT Purposes on Property Rentals

10 April 202510 April 2025Michalis C. ZambartasCircular 2/2025, Cyprus, Law 157(I)/2017, non-taxation, T.D.1220, VAT

On March 24, 2025, the tax department introduced Circular 2/2025, providing the option to submit Form T.D. 1220 until December 31, 2025. This form facilitates the election for non-taxation for
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