HOME / PUBLICATIONS / AMENDMENTS TO IMMOVABLE PROPERTY TAX LAW (IMP)

PUBLICATIONS

Search Publications

August 24, 2016

AMENDMENTS TO IMMOVABLE PROPERTY TAX LAW (IMP)

The House of Representatives recently approved significant changes to the Immovable Property (IMP) Tax Law. The amendments reduce the immovable property tax burden for tax year 2016 by up to 75% and abolish the immovable property tax as from 2017.

Practice Area(s): Tax Planning, Property

Download PDF

Related Publications

01.06.2023

NEW TRANSFER PRICING REQUIREMENTS IN CYPRUS

On 30 June 2022 the Cyprus parliament has passed new transfer pricing (TP) requirements. The new law and regulations are in line with the TP guidelines for Multinational Enterprises and Tax Administrations ...

06.05.2023

CYPRUS TAX DIARY

Payment of tax withheld (PAYE) and Social Insurance deducted from the employees’ salaries during the previous month. Payment of Special Contribution for Defence withheld on payments of dividends, interest ...

07.02.2023

2023 CYPRUS TAX DIARY

Payment of tax withheld (PAYE) deducted from the employees’ salaries during the previous month.Payment of Special Defence Contribution withheld on payments of dividends, interest and rents (where the ...

30.11.2022

CYPRUS DIGITAL NOMAD VISA

The nomad visa is a new type of residence permit for individuals who wish to live in Cyprus and work for companies and/or clients operating abroad.

30.11.2022

CRYPTO-ASSETS SERVICE PROVIDERS IN CYPRUS

In 2022, the Cyprus Securities and Exchange Commission (“CySEC”) has taken further steps to regulate crypto assets activities in Cyprus. The new 5th Anti – Money Laundering Directive, also known as the ...

BACK TO PUBLICATIONS