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Newsletter

Cypriot Investment Scheme
Repossession Property Yield Properties

Latest news

  • 18 February 2020 Cyprus as a top destination for headquartering

    The list of large companies that have chosen to relocate or part of their... read more

  • 17 February 2020 The Parliament Voted Positive on the Eviction of Bad Tenants

    With 31 votes in favor, 15 against and 2 abstentions, the Parliament turned... read more

  • 4 February 2020 60 Years of waiting for growth in the British Bases

    In 2014, a very important agreement was reached between the Cypriot... read more

  • 3 February 2020 Building coefficient up to 25 percent for housing solution

    A 20% - 25% increase in the building rate is expected to provide for a... read more

  • 20 January 2020 Solution found for Evicted Tenants

    Malicious tenants save time when faced with eviction. read more

Cypriot Investment Scheme
Repossession Property Yield Properties

Latest news

  • 18 February 2020 Cyprus as a top destination for headquartering

    The list of large companies that have chosen to relocate or part of their... read more

  • 17 February 2020 The Parliament Voted Positive on the Eviction of Bad Tenants

    With 31 votes in favor, 15 against and 2 abstentions, the Parliament turned... read more

  • 4 February 2020 60 Years of waiting for growth in the British Bases

    In 2014, a very important agreement was reached between the Cypriot... read more

  • 3 February 2020 Building coefficient up to 25 percent for housing solution

    A 20% - 25% increase in the building rate is expected to provide for a... read more

  • 20 January 2020 Solution found for Evicted Tenants

    Malicious tenants save time when faced with eviction. read more

Taxes and Fees payable by the registered owner of a property

Immovable Property Tax payable to the Tax Department 


Immovable Property Tax (IPT) was reduced in 2016 to approximately a quarter of that in the previous year and is abolished in 2017. 

Property Tax payable to Communities and Municipalities

This ‘local’ property tax has not been abolished and those with property on the island will continue to pay this ‘local’ tax, which is calculated on the Land Registry’s assessment of the 1980 value of the property. 



Local Authority Fees
Depending on the size of your property, local authorities charge between €85 – €256 per annum for regular refuse collection, street lighting, sewerage and similar community services. Communal Services fees are payable to your local municipal authority.  However, when property is rented out, then fees such as refuse collection tax and others are payable by tenant.  Contact your local municipality council for details.


Municipality Tax 
An annual Municipality Tax must be paid by the owner to the local municipal authority.  It is calculated on the market value of the property as at 1st of January 1980 and the rates vary from 1%-2%.


Sewerage Tax 
Sewerage Tax is payable annually to the local sewerage board.  It is calculated on the market value of the property as at 1st of January 1980. Rates vary from 3% – 3,5%.