IMMOVABLE PROPERTY TAX

IMMOVABLE PROPERTY TAX

As from 1 January 2017 Immovable Property Tax has been abolished.

RATES

Value 1 January 1980 € Rate % Tax € Accumulated Tax €
0-40.000 0,6 240 240
40.001-120.000 0,8 640 880
120.001-170.000 0,9 450 1.330
170.001-300.000 1,1 1.430 2.760
300.001-500.000 1,3 2.600 5.360
500.001-800.000 1,5 4.500 9.860
800.001-3.000.000 1,7 37.400 42.260
Over 3.000.000 1,9

*Property owners whose property has a total value of €12.500 or less (using values of 1.1.1980) are exempt from Immovable Property Tax.

"A combination of tax and non-tax incentives helped Cyprus to be established as an International Business Centre.
Your first option is to relocate your business in Cyprus and use Cyprus for your operations either in Europe or Worldwide. The second general option is to include a Cyprus Company in your structure to get advantage of the tax incentives and its wide network of DDT.
Below, we present the main features of Cyprus Companies with different activities. We will be happy to provide you with our comprehensive advice on tax planning solutions, on request, once we have information about your existing structure, your activities and your needs."