In November 2017, the Cyprus parliament voted an important amendment to the Cyprus VAT Legislation, which amends the main VAT Law N.95(I)/2000 concerning taxation of building land, in order to align it with the provisions of EU VAT Directive 2006/112/EC. The amendment has entered into force on 2 January 2018.
Read full articleThe Cypriot branch of the Royal Institute of Chartered Surveyors (RICS) said property prices continued to rise across the island in the third quarter of 2017 fuelled by economic growth, as economists describe the current real estate market recovery as temporary and expect a new price drop to set off in two years.
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