Our Services :
Taxation
Immovable property tax
The Immovable Property Tax is payable by the 30th
of September each year and is imposed on the market value of the
property as at 1 January 1980 and applies to individuals and legal
persons.
|
Property value
€ |
Tax rate
% |
Accumulated tax
€ |
|
0 –
170.860,14 |
- |
- |
| 170.861,14 – 427.150,36 |
0,25 |
640,72 |
| 427.150,36 – 854.300,72 |
0,35 |
2.135,74 |
| 854.300,72 - + |
0,40 |
|
|
Exemptions |
| The
Republic of Cyprus |
| Charitable
organisations |
| Churches
and other Religious buildings |
| Property
under Turkish occupation |
| Schools |
| Public
hospitals |
| Public
cemeteries |
| Public
places |
| Foreign
embassies and consulates |
| Buildings
under preservation order |
| Agricultural
land used in farming by farmer |
| Agricultural
land used for stock breeding by farmer |
|
Agricultural land of stock
breeding residing in the area |
|
