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PKF Cyprus

A member of PKF International. A global family of legally independent firms.

Cyprus property tax new Bill


New Bill on the Cyprus Property Tax (Cyprus Immovable Property Tax) has been approved by the Cyprus Government. Cyprus companies and individuals whose Cyprus Property (Immovable) exceeds €200.000 will now be subject to Cyprus property tax at the rate of 0.1% on the total value of their Cyprus property, based on 2013 prices.  The new bill also excludes Cyprus companies and individuals having a value of less than €200.000. The new bill is expecting its final approval by the Cypriot House of Parliament

Until now every Cyprus Company or an individual who owns immovable property situated in Cyprus was liable to pay property tax on the total value of his property imposed on the basis of the Cyprus Immovable Property Tax Laws 1980-2004, based on the market value of real property of 1 January 1980.…read more …

Property relates to the value of immovable property which belongs to an individual or a company, on the 30th of June each year. …read more …

How we can help

We can help you to calculate, submit and pay your Cyprus Property Tax on the relevant due dates. For more information please contact our offices:

Limassol                            Nicosia

[email protected]       [email protected]