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Tag: VAT

  • When is VAT payable when buying Property in Cyprus

    When is VAT payable when buying Property in Cyprus

    VAT was introduced in Cyprus on the purchase of brand new property (since Cyprus’ accession to the EU in May 2004) and on the purchase of the land (from January 2018). The VAT rate is 19% and this is usually additional to the purchase price. The seller is obliged to collect the VAT from the […]