Understanding VAT rules in Cyprus for property transactions, rentals

By Ioannis A Pitsillos

Navigating the VAT regulations in Cyprus is essential for anyone involved in property transactions or short-term rentals. This article provides a detailed overview of the VAT rules applicable when buying property, managing short-term rentals and taking advantage of the reduced VAT rate for first-time buyers.

VAT on purchases

When buying property in Cyprus, the standard VAT rate is 19 per cent on the selling price. This rate applies to the acquisition of new properties...