Do immigrants who buy houses in Cyprus have property tax?

There is also a property tax in the new policy.

Buying a house to immigrate to Cyprus requires paying a certain percentage of VAT, stamp duty, transfer tax, property tax and other taxes.

According to the current tax rate policy in Cyprus, if the property purchased by the owner is the planning permission obtained before May 2004, then there is no need to pay VAT, only the transfer tax (300,000 euros for the house).

Production and transfer tax 8%); After that, the property only needs to pay 19% VAT, and there is no transfer tax; Moreover, all owners who buy the first set of permanent self-use housing can apply for tax refund, and only need to pay.

5% VAT.

In addition, when buying a house in Cyprus, the stamp duty paid depends on the total value of the property, and the tax rate is particularly low, which is levied at one time; Real estate tax is levied annually, depending on the specific property value, such as 300,000 euros of property, and the tax rate is 0.6%.

I hope I can help you.