Hello.
We are going to buy a new property from a developer. We were explained that we are entitled to pay a reduced 5 precents v.a.t instead of 19precents.
How do we pay the 5 precents vat? Directly to the developer or to the V.a.t tax office?
Should we pay the 19 precents in full and than get a refund of 14 precents?
What are the opetions?
Thank you in advance
Ofer
V.a.t on new property
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Re: V.a.t on new property
Hello ofer
You can find the rules, etc. for buying property at the reduced rate of 5% at Application of the reduced VAT rate (5%) on the Purchase/Construction of a New Dwelling in the Republic.
Regards,
You can find the rules, etc. for buying property at the reduced rate of 5% at Application of the reduced VAT rate (5%) on the Purchase/Construction of a New Dwelling in the Republic.
Regards,
Nigel Howarth
Independent information & advice for Cyprus property buyers
Contact Nigel Howarth
Read the latest Cyprus property news
Independent information & advice for Cyprus property buyers
Contact Nigel Howarth
Read the latest Cyprus property news
-
- Site Admin
- Posts: 2911
- Joined: 24 Oct 2007 14:38
- Location: Erimi, Limassol, Cyprus
- Contact:
Re: V.a.t on new property
You're welcome ofer - I hope it answers your questions.
Regards,
Regards,
Nigel Howarth
Independent information & advice for Cyprus property buyers
Contact Nigel Howarth
Read the latest Cyprus property news
Independent information & advice for Cyprus property buyers
Contact Nigel Howarth
Read the latest Cyprus property news