Archive for Tag: Sale of Property

Cyprus 2018: Charging VAT on the Sale of Land by Individuals Conducting Economic Activities

As per the amendments to the Cyprus VAT Law N.95(I)/2000, authorities in Cyprus now imposes VAT to be charged on all sales of undeveloped building land by individuals exercising economic activities. What constitutes economic activities? Article 3 of the aforementioned VAT Law, precisely states business to mean any economic...

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Cyprus Government Look to Amend AIF Legislation to Attract Foreign Investment

The Cyprus House finance committee discussed a bill submitted by the government designed to attract foreign investment into the housing market on the island. There have been recent plans to clarify and streamline regulations regarding AIFs (Alternative Investment Funds) which in turn harbour a more competitive environment. The bill...

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