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Newsletter

Cypriot Investment Scheme
Repossession Property Yield Properties

Latest news

  • 1 December 2020 Investment of 90 million euros in Pyla

    Investment of €90 million in Pyla read more

  • 25 November 2020 Newzoe Developers Ltd have issued title deeds for their Irini Gardens houses

    Newzoe Developers Ltd have issued title deeds for their Irini Gardens houses read more

  • 17 November 2020 Historic day The development of Larnaca Harbour and Marina has been approved

    Historic day: The development of Larnaca Harbour and Marina has been approved read more

  • 13 July 2020 Μελέτη για τις περιοχές των Βρετανικών Βάσεων

    Ανακοινώθηκε η περιβαλλοντική μελέτη για... read more

  • 9 July 2020 Cabinet extends town planning incentives

    THE CABINET on Wednesday decided to extend existing town planning incentives... read more

Cypriot Investment Scheme
Repossession Property Yield Properties

Latest news

  • 1 December 2020 Investment of 90 million euros in Pyla

    Investment of €90 million in Pyla read more

  • 25 November 2020 Newzoe Developers Ltd have issued title deeds for their Irini Gardens houses

    Newzoe Developers Ltd have issued title deeds for their Irini Gardens houses read more

  • 17 November 2020 Historic day The development of Larnaca Harbour and Marina has been approved

    Historic day: The development of Larnaca Harbour and Marina has been approved read more

  • 13 July 2020 Μελέτη για τις περιοχές των Βρετανικών Βάσεων

    Ανακοινώθηκε η περιβαλλοντική μελέτη για... read more

  • 9 July 2020 Cabinet extends town planning incentives

    THE CABINET on Wednesday decided to extend existing town planning incentives... 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%.