- Cyprus announced a conditional extension for the reduced VAT rate on the first 200 m² of a primary residence.
- Applies to individuals who submitted a town planning permit application by October 31, 2023.
- VAT application deadline extended to December 31, 2026, if the building permit was issued after January 1, 2025, or not yet issued.
- If the building permit was issued by December 31, 2024, the original deadline of June 15, 2026, still applies.
Source: kpmg.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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