Author: Elias Hazou

Freeze on home repossessions defeated

A motion to discuss a new freeze on home repossessions was defeated in parliament on Thursday, with the House deciding instead that a legislative...

Lawmakers again discuss reduced VAT on homes

Lawmakers on Monday discussed for the umpteenth time the matter of reduced VAT on homes, with reports suggesting the government will go back to...

Airbnb owners given longer to register

People providing accommodation services will be afforded a transitional period to register with the governmental Airbnb register, under tweaks made to the relevant law...

EU extends deadline to change property VAT laws

Lawmakers on Monday revisited the issue of reduced VAT on homes, with some trying to instil a sense of urgency on the matter as...

Crackdown on holiday renters failing to register

Lawmakers on Tuesday called for a crackdown on people renting out their properties but who continue to evade the taxman by not registering as...

Government revokes two more passports

The government on Thursday said that it revoked the citizenship of two more individuals who had obtained Cyprus passports through the citizenship-by-investment scheme. Interior Minister...

Amend property VAT laws or else!

The European Commission has given Cyprus until mid-February to enact new legislation governing the levying of reduced VAT on properties, otherwise it will move...

Unpaid housing loans cause concern

The finance ministry has expressed alarm and dissatisfaction at the high amount of money owed to public-law organisations that give out loans to people...

President sends back foreclosure and VAT bills

President Nicos Anastasiades has refused to sign off on and has sent back to parliament three bills passed by the House recently - two...

VAT rate on first homes rethink

Faced with pushback from MPs and building industry stakeholders, the government on Monday agreed to - again - rethink parts of a bill providing...

Due Diligence

Due diligence is absolutely essential before committing to buy a property.

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