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All reports tagged with: "immovable property tax"

Eighty per cent IPT revenue collected

In 2013 the Cyprus government collected €98 million Immovable Property Tax (IPT), approximately 80 per cent of the total according to figures provided to Parliament by the Finance Ministry.

Paying Immovable Property Tax 2014

I am grateful to Mr. Christofi at the Tax Department in Nicosia for the following information concerning the payment of Immovable Property Tax by those who have yet to receive their Title Deeds.

Immovable Property Tax payment and collections

Around 76,800 people have paid their Immovable Property Tax this year according to official statistics, but the majority of those who have paid their tax appear to be the owners of modest properties.

False Immovable Property Tax declarations

There is evidence that a property developer has made false Immovable Property Tax declarations to the authorities, which has resulted in his customers receiving IPT notices from the Inland Revenue.

Immovable Property Tax a malignant tumour

Even though Hasikos claimed that Immovable Property Tax bills would be reduced, the new 2013 valuations will be seen as yet higher indirect taxation in 2015 for ‘high density build’ concrete palaces.

Immovable Property Tax headaches

The Inland Revenue Department has announced that it will start sending out Immovable Property Tax notices at the end of this month, but provisions in the law are causing staff severe headaches.

Property values call for transparency

The chairman of the Cyprus Technical Chamber (ETEK) has argued that the government should make public the methodology used to reappraise property values to 2013 prices for taxation purposes.

Immovable Property Tax Announcement

The Cyprus Inland Revenue Department has issued the following announcement regarding the payment of Immovable Property Tax for 2014 and offers a discount of 15% if the IPT is fully paid by 31 October 2014.

Cyprus Immovable Property Tax 2014

The law amending the Cyprus Immovable Property Tax Laws for 2014 has now been published in the Cyprus Gazette and it offers a 15 per cent discount for those who pay early.

Cyprus MPs lunacy in action

Lunatic decisions taken by MPs in Nicosia drove another nail into Cyprus’ once thriving property sector when they voted though the bill amending the Immovable Property Tax law for 2014.

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