Immovable Property Tax 2016 – update

The House of Representatives has voted changes to the Immovable Property Tax (IMP) on 14 July 2016. The changes were published in the Government Gazette on 25 July 2016 and apply for the tax year 2016. The Immovable Property Tax (IMP) applies to both physical and legal persons (taxpayers) and …

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Capital Gains Tax – amendments

CAPITAL GAINS TAX On 10th of December 2015, the House of Representatives voted a number of significant tax law amendments that were published in the Government Gazette on 17 December 2015. Capital Gains Tax Gain from disposal of shares in Companies that indirectly own immovable property located in Cyprus will …

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