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Newsletter

Cypriot Investment Scheme
Repossession Property Yield Properties

Latest news

  • 12 May 2021 The procedures for moving the oil facilities from Larnaca are in progress

    The procedures for moving the oil facilities from Larnaca are in progress read more

  • 6 May 2021 You get a building factor rate and you pay fees

    You get a building factor rate and you pay fees read more

  • 9 April 2021 One million euro for the regeneration of the Ormidia port

    An important development for the community of Ormedia and the free Famagusta,... read more

  • 31 March 2021 Changes for Cyprus Fast Track Residence Permit

    Changes for Cyprus Fast Track Residence Permit read more

  • 23 February 2021 Σχέδιο επιχορήγησης επιτοκίου για νέα ζευγάρια παρατείνεται ως τέλος του χρόνου

    Σχέδιο επιχορήγησης επιτοκίου για νέα... read more

Cypriot Investment Scheme
Repossession Property Yield Properties

Latest news

  • 12 May 2021 The procedures for moving the oil facilities from Larnaca are in progress

    The procedures for moving the oil facilities from Larnaca are in progress read more

  • 6 May 2021 You get a building factor rate and you pay fees

    You get a building factor rate and you pay fees read more

  • 9 April 2021 One million euro for the regeneration of the Ormidia port

    An important development for the community of Ormedia and the free Famagusta,... read more

  • 31 March 2021 Changes for Cyprus Fast Track Residence Permit

    Changes for Cyprus Fast Track Residence Permit read more

  • 23 February 2021 Σχέδιο επιχορήγησης επιτοκίου για νέα ζευγάρια παρατείνεται ως τέλος του χρόνου

    Σχέδιο επιχορήγησης επιτοκίου για νέα... read more

Immovable Property Tax

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.