- 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.
Latest Posts in "Cyprus"
- Cyprus Fiscal Documents: Strict Layout and Compliance Rules
- Cyprus VAT Amendments on New and Renovated Property Supplies
- Reduced 5% VAT on New Dwellings: Key Updates, Deadlines, and Transitional Provisions
- Cyprus Extends Reduced VAT Housing Application Deadline to 31 December 2026 Amid Permit Delays
- Cyprus Extends VAT and VIES Deadlines to 20 May 2026 Due to TFA System Shutdown
