All Posts in Tag: modify

EU extends deadline to modify home VAT laws

Soheil

Posted in Business, Citizenship, Comfort, Construction, Cyprus, Holiday Homes, Invested Program, Investment, Investment Program, Luxury, Market Trends, Marketing, Permanent Residency, Real Estate, Uncategorized On February 21, 2023

[ad_1] Lawmakers on Monday revisited the situation of lowered VAT on homes, with some making an attempt to instil a sense of urgency on the subject as the European Commission proceeds respiratory down Cyprus’ neck acquiring launched infringement proceedings in opposition to the Republic. The Residence finance committee talked about the issue in an amazing…

Possible modify in VAT on new dwellings

Soheil

[ad_1] Cyprus enables a reduced rate of VAT of 5% on the initially 200 sq. metres of dwellings employed as the principal and everlasting residence by the beneficiary, without any other limits. This 5% diminished rate is used regardless of the income, property and financial problem of the beneficiary, the associates of the family members…