|VAT (Value Added Tax) on Land from the 2nd of January 2018|
The Cyprus House of Parliament voted on the 3rd of November 2017 an amendment to VAT legislation.
The vote is a result of a European Union Directive.
The parliament decision stipulates a VAT of 19% on Building Land.
The VAT decision will be implemented from the 2nd of January 2018.
Until now there was no VAT tax on the sale of any land.