All companies, organizations and individuals, either residing in Cyprus or abroad, who had immovable property registered in their name in Cyprus as at 1.1.2014, are subject to Immovable Property Tax, if the total value of their property on 1.1.1980 is valued over €12.500.

In case you don’t receive a tax assessment during August or if you so receive, but not all of your immovable property is included therein, then you are obliged to file a declaration (Τ.Φ. 303 2014) and pay the correct amount of tax. For objections you can fill in the form Τ.Φ. 15ΦΑΙ 2014.

In case where the property of a deceased person has not yet been transferred to the legal heirs, the legal heirs have an obligation to pay the correct amount of tax to the Tax Department; by incorporating the value of the share of the property inherited to their declaration.

Any objections can be raised by 30.9.2014 , by visiting personally or through your agent, the I.P.T division of the District Office at which your file is kept, bringing with you the tax assessment or if you reside abroad ,by submitting it through the following web pages and stating in a clear form the exact reasons of your objection.

The declaration form ((Έντυπο Τ.Φ. 303)2014) is available on the web page http://www.mof.gov.cy/ird. Payment can be made by presenting the tax assessment at the Tax Collection Department of your district office or through the website www.jccsmart.com, and any of the Local Banks. Taxpayers, wishing to pay online through the website www.jccsmart.com, should insert the JCC reference number which is printed on the Immovable Property Tax assessment received and pay the tax due using their credit card details.

Taxpayers wishing to pay through any of the COOPs and any of the aforementioned Local Banks, should have with them the Immovable Property Tax assessment, their Identity Card and the amount of tax in cash or credit card.

The Department would like to bring to your attention that, if the I.P.T. is fully paid by 31.10.2014, a discount of 15% on the tax payable will be allowed. Any I.P.T. paid after 30.11.2014 will bear a 10% penalty plus interest and any other administrative charges imposed by the law.

For any further information, please refer to the Immovable Property Tax Division at the District Office of the Tax Department where your tax file is kept or visit our web page http://www.mof.gov.cy/ird.

Please find below useful telephone numbers of the Immovable Property Tax Division per District Office:

The Tax Department is looking forward to your co-operation and your prompt response in order to avoid unnecessary delays.