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All reports tagged with: "immovable property tax"

Property tax farce

The Cyprus government has changed its proposal regarding Immovable Property Tax because, according to media reports, municipalities have already started to send out property tax notices.

Over 306,000 to pay Immovable Property Tax

If the Cyprus parliament passes the proposed changes to Immovable Property Tax the government expects to collect €44.4 million from more than 306,000 taxpayers, while some 65,000 taxpayers will be exempt.

Property tax reform discussions continue

Discussions on major reforms of the Cyprus property tax system continued today with Finance Minister Harris Georgiades urging MPs to pass legislation before parliament’s summer recess.

Property tax reform discussions underway

Discussions on major reforms of the Cyprus property tax system designed to improve the fairness of the tax burden and to increase the efficiency of tax administration have started in Parliament.

Immovable Property Tax slashed

Yesterday the Council of Ministers approved a 50 per cent reduction in the Immovable Property Tax rate and put an end to the property tax collected by municipalities and communities.

Big landowners not paid tax bill

It appears that more than 33,000 large landowners who own property valued in excess of half a million Euro at 1980 prices have not paid their Immovable Property Tax according to the daily Phileleftheros.

Immovable property tax dodgers

Approximately 262,300 individuals have managed to avoid paying Immovable Property Tax after reportedly submitting false identification documents at Land Registry Department offices according to reports.

Immovable Property Tax collected €84.48 million

The Cyprus News Agency reports that the government had collected almost €85 million in Immovable Property Tax by 3rd December, which accounts for approximately 82.25 per cent of the total.

€55m Immovable Property Tax collected

Immovable Property Tax (IPT) amounting to €55.5 million had been paid by 193,833 taxpayers (72 per cent of the total number) by mid-November, according to senior tax officer Klelia Papadopoulou.

IPT payment deadline & discount

Earlier today Cyprus MPs voted to extend the Immovable Property Tax (IPT) payment deadline until the end of December; discounts offered for payments made by end November.

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