Cyprus to increase V.A.T on property sales

Cyprus has been avoiding increase on V.A.T on property sales for some time now.

Although “Audit control body” of Cyprus Goverment has pointed out this in their reports the past few years nothing has been done yet.

In order to avoid the penalty from the European Union Cyprus Goverment has to pass the law to increase the V.A.T on property sales  in the next few months.

Where all that leads

So it is time to buy a house in Cyprus.

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