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Reduced VAT on property purchase

Those buying a property in Cyprus as their main residence may apply for a reduced rate of VAT of 5% on the purchase price/construction cost of a new dwelling providing they meet certain criteria.

Claim back Cypriot VAT on property purchase

Under the Special Grant for Purchasing or Building a Residence, Law N.91(I)/2006 a special grant is available to qualifying individuals for a VAT grant from the government.

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