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All reports tagged with: "inland revenue"

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.

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.

Taxman may raid bank accounts

The Cyprus government is considering allowing the taxman to raid bank accounts to recover unpaid debts in a move very similar to the changes announced in the recent UK budget.

Property tax chaos may continue

Although government policy on Immovable Property Tax has not changed, the Inland Revenue has expressed serious doubts as to whether there is sufficient time to complete the work necessary.

Majority have paid their Immovable Property Tax

The Inland Revenue Department had collected around €93 million in Immovable Property Tax by lunchtime yesterday from some 207,000 registered property owners according to reports.

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