The Finance Ministry seeks a compromise with the House on the thorny issue of reduced VAT for first homes by increasing the property’s value rather than tampering with size criteria.
Authorities have picked up the issue once more after the grace period given by the European Commission expired, along with a warning against Cyprus over the discount.
Source: financialmirror.com
Latest Posts in "Cyprus"
- Cyprus Extends Reduced VAT on Electricity Bills for Households Until March 2027
- Cyprus Extends Zero Percent VAT on Baby Milk, Diapers, Hygiene Products, Fruits, and Vegetables
- Cyprus Extends VAT Exemption Election Deadline for Commercial Real Estate Lessors to March 2026
- Cyprus Extends 0% VAT on Essential Goods, Including Baby and Hygiene Products, Until End of 2026
- Role of Fiscal Devices in Ensuring Tax Compliance and Transparency in Cyprus
