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Information for the Public - Cypriot Citizens

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According to VAT Legislation, as from the 1st of October 2011, a reduced rate of 5% can be imposed on purchasing or construction of a residence in Cyprus, under the condition that this residence will be used as the permanent residence of the beneficiary. A certificate is issued after approved the relevant application form submitted by the applicant to the Tax Department. The application form is only available in greek.






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