Taxes in Europe Database v2
Law No 24/1980 as amended.
The Republic of Cyprus.
The owner (individual/legal persons) of immovable property in Cyprus.
The market value of the immovable property on the 1st January 1980.
When the total value of the person's (individual/legal person) immovable property in the Republic, is under €12,500, it is not taxable.
Special ammendment took place for the payment of the tax for the year 2013, where the last payment date was moved to 15 November 2013. Special discount 10% if the tax amount was fully paid at once before 5 November 2013.
Special ammendmend took place for the payment of the tax for the year 2014, where the last payment date was moved to 31 December 2014. Special discount 15% if the tax amount was fully paid at once before 1 December 2014.