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Levy of 0,4% on transfers/sales of real estate
According to a law published in the official Government Gazette on 22 February 2021, a levy of 0,4% tax, payable by the seller, is applicable on all sales of properties located in Cyprus and/or disposals of shares of companies owning (directly or indirectly) properties located in Cyprus.
The law is aiming to compensate the Greek-Cypriot refugees for their inability to possess, have access to, or otherwise gainfully use their land due to the Turkish invasion and occupation of the northern third of the island in 1974.
An amendment of the law, published in early December 2022, specifies the Tax Commissioner as the responsible authority to collect the 0,4% levy on property sales.
We remain at your disposal for anything you may need in connection with the above.
Contact person
Stelios Ioannou
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+357 22 100 192
Managing Director