Parliamentarians on Monday sounded upbeat that legislation regulating which homes would be eligible for reduced VAT will go to the House plenum for a vote on June 8.
The ‘sweet spot’ – a synthesis of disparate proposals put forth by MPs – would see the discounted 5 per cent VAT applied on all first homes – houses and apartments – of up to 150 square metres and a value up to €350,000.
Source: cyprus-mail.com
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