Tag Archives: Tax

Should CY government consider lowering airport taxes?

Taken from Cyprus-mail.com ALL THE doomsayers that were predicting Cyprus tourism would be adversely affected by the closure of Cyprus Airways appear to have been proved wrong. The latest edition of the Sunday Mail reported that since the demise of … Continue reading

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Airlines in a flap over scrapped flight tax

George Osborne’s autumn statement ditches tax for under 12s from May 2015 Taken from The Guardian Families who have already booked flights for their summer holiday next year should receive a tax refund from their airline which could amount to … Continue reading

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Six months to appeal new IPT valuations

By George Psyllides – Cyprus Mail PROPERTY owners have six months to appeal the government’s evaluation of their real estate and correct any other mistakes made in the process of fixing immovable property tax (IPT), officials said on Monday. The … Continue reading

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Taxable properties worth €155bn

Interior Minister Socratis Hasikos explaining the provisions of the new IPT bill to the grimacing pair of DISY leader Averof Neophytou and DIKO president Nicholas Papadopoulos By Angelos Anastasiou, Cyprus Mail THE government estimates that taxable properties are worth a … Continue reading

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‘Rich foreigners’ being fleeced over local taxes – Cyprus Mail

‘Rich foreigners’ being fleeced over local taxes By Bejay Browne – Cyprus Mail RESIDENTS of two luxury developments in the Paphos village of Kouklia are refusing to pay their local taxes in protest at huge levies they say are being unfairly … Continue reading

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Kouklia Rental Tax

Further to recent correspondence about the rental tax back in February. We have done some more research on this by reference to our rental portfolio of 87 properties and can report the following; The rental figure estimates were supplied by … Continue reading

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Cyprus Government Declares War on Black Economy

Think twice before you accept the ‘pay by cash and it’ll save you VAT or be cheaper (nudge, nudge, wink, wink)’ option in future. The Cyprus government has just passed a law making it illegal to pay in cash without … Continue reading

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