Property tax must be paid. What is the property tax rate in Cyprus?

Property tax must be paid. What is the property tax rate in Cyprus? 1, contract stamp duty

Buying a house in Cyprus will be subject to a one-time contract stamp duty, and the collection rate will be determined according to the total value of the property in the purchase contract. Property buyers must make a one-time payment to the local taxation bureau within 30 days from the date of signing the purchase contract. Standard score deducted the stamp duty from the Cyprus contract. When the house value is less than 654.38+ million Cyprus pounds, only 0.654.38+05% tax can be withdrawn. However, when the value of the house exceeds 654.38+ one million Cyprus pounds, 0.2% of the total value of the real estate shall be paid as the contract stamp duty.

2. Real estate tax

Real estate tax needs to be paid every year, and every property owner has to pay a certain percentage of taxes and fees to the relevant tax bureau every year according to the value of the property he holds. Take the use of a property worth 300,000 euros as an example. The annual real estate tax is about 1.200 euros. The cost of real estate tax is also based on the total value of real estate. In Cyprus, there are four real estate tax departments.

When the total value of the property is less than 654.38 million Cyprus pounds, the property tax can be exempted; Property with a total value of 65,438+0-250,000 Cyprus pounds must pay 0.25% tax; Property with a total amount of 250,000-500,000 Cyprus pounds must pay 0.35% tax; Property exceeding 500,000 Cyprus pounds is subject to 0.4% real estate tax.

3. Enterprise value-added tax

From 2065438+August 6, 2002, everyone can apply for reducing the VAT rate when purchasing permanent property management in Cyprus for the first time, which has gradually become the policy of Cyprus. Qualification is the buyer's idea and service commitment, and he/she submits a statement to the relevant value-added tax authorities stating that the real estate he/she bought in Cyprus is for his/her own use or living with his/her family.

All people in Cyprus need to go through the same process and give policy documents to get preferential taxes and fees. In order to encourage foreigners to buy houses in Cyprus, the Cyprus government department announced the current policy on 20 12. All people who buy permanent property management in Cyprus for the first time can apply for reducing the VAT rate. The enterprise value-added tax deduction standard after reduction and exemption is 5% of the total value of real estate.

4. Securities transaction tax

Buyers need to pay a transfer fee for the real estate they buy. When the real estate is registered in the name of the buyer in the land registration unit, the buyer shall pay a certain percentage of the transfer fee according to the market price of the real estate purchased on the day of purchase.

5, municipal engineering tax

Property owners need to pay some taxes and fees to the local government every year. These taxes and fees vary according to the size of the property and the current policies of the people's government under the jurisdiction of the property. This tax is basically used for the domestic garbage disposal and street lamp expenses of government departments.

6. Real estate profits tax

Once all the real estate business in Cyprus is sold, the seller will pay 20% of the property profits tax regardless of whether it benefits locals or foreigners, and the total profits of 65,438+00,000 Cyprus pounds (about132,447 RMB or less) will be exempted.

Step 7 transfer money

In Cyprus, the deduction of housing transfer money is divided into three levels. The first level is that when the total amount of the property is 50,000 Cyprus pounds, 3% transfer payment is required; 5% transfer fee shall be paid for the property of 5000-65438+ 10,000 Cyprus pounds; The transfer fee of 8% is required for properties exceeding 654.38 million Cyprus pounds.

Regarding the advantages of Cypriot immigrants, many immigrant investment applicants have begun to pay attention to the detailed cost list of buying a house in Cyprus. Mastering these fees will help applicants to better choose and land in this country.

Immigrants who invest in Cyprus must buy a property of 300,000 euros or 2 million euros. This is also the basic cost of choosing a house for Cypriot immigrants to invest in a local 2 million euro project. The application refers to the Cyprus passport visa. The property type must be a villa with sea view or a high-grade apartment. Applicants can choose the property type according to their own regulations. If you want to buy a property with a price of more than 300,000 euros in Cyprus, you have to deposit 30,000 euros in the bank of Cyprus. Applicability means that you can apply for permanent residence status and cannot live directly in Cyprus.