On 08 June 2023, the House of Representatives passed a bill amending the current legislative framework allowingfor a reduced VAT rate of 5% levied on first homes on the Value Added Tax Law 119(I) of 2016 (the “Law“). The new amendment of the Law is subject now to the European Commission’s approval to come into force.

Please check our recent newsletter below to find out more:

VAT 5% Newsletter

Call Us Now!

Tel: +357 22 46 55 00

Fax: +357 22 33 85 00

Follow Us!

Send Us Message!

Visit Our Office!

  • 12, Demostheni Severi Av.
    Office 601, 6th Floor 1080 Nicosia, Cyprus
  • 4 Valaoritou Street,
    1st Floor, Kolonaki, 10671, Athens, Greece

Pin It on Pinterest