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Legal Matters

VAT rate on first homes rethink

Faced with pushback from MPs and building industry stakeholders, the government on Monday agreed to - again - rethink...
Legal Matters

Government urged to challenge EC’s ruling on property VAT

The finance ministry will collect more data as part of its drive to persuade European Commission to agree to...
Legal Matters

Taxpayers will pay ‘Golden Passport’ VAT deficit

Taxpayers may be asked to pay the VAT shortfall that 'Golden Passport' investors and other home buyers who paid...
Legal Matters

MPs work on making VAT on houses EU compatible

Lawmakers on Monday discussed how to tweak a government bill on VAT on houses so as to make it...
Legal Matters

Possible change in VAT on new dwellings

Cyprus allows a reduced rate of VAT of 5% on the first 200 square metres of dwellings used as...
Legal Matters

Cyprus failing to comply with EU VAT rules for dwellings

The European Commission has decided to send a letter of formal notice to Cyprus for its failure to properly...
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