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All reports tagged with: "immovable property"

Immovable Property Tax demands by post

The Inland Revenue Department has started to send out Immovable Property Tax demands by post and all property owners will receive a notice by 15 September a tax official has said.

Bill to extend Immovable Property Tax deadline

It is anticipated that the deadline for paying Immovable Property Tax will be extended to allow the authorities sufficient time to print, file and send registered property owners tax demands.

Revised property tax bill announced

Details of the proposed property tax bill have been announced, but houses valued at many millions of Euros in a number of districts have not been included in the calculations as they have not been properly registered.

Government scraps property tax bill

The Cyprus Interior Minister, Socrates Hasikos, has announced that plans drawn up under the Christofias administration which aimed to raise €180 million by increasing Immovable Property Tax have been scrapped, for now.

Property sales in 2012 reached €1.9 billion

Figures released by the Department of Lands and Surveys earlier this week report that property sales in Cyprus reached €1.9 billion in 2012, while more than 100,000 Title Deeds were issued.

Revised property tax bill vote

The House plenum will vote today on an amended bill to increase the rate of Immovable Property Tax, which was part of the preliminary agreement between Cyprus and its international lenders.

Property tax proposals from OEB and KEVE

The Employers & Industrialists Federation (OEB) and Chamber of Commerce and Industry (KEVE) have proposed a simple one-off property tax for 2013 as an interim stop-gap measure.

Property tax bill about-turn

Following representations from hoteliers, property developers and others the government is rethinking its property tax bill which aimed to raise €180 million; €120 million more than suggested by the troika.

EU still progressing Cyprus property issues

Replying to recent questions raised in the European Parliament by MEPs Daniel Hannan and David Martin, Commission Vice-president Viviane Reding has provided an update on progress.

Only sick minds could have thought up property tax

Although the troika proposed that property taxes should raise €20 million/annum, the government drafted a bill that would raise ten times that figure according to some calculations.

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