The Cyprus parliament has agreed that Immovable Property Tax for 2016 will be based on 1980 values but reduced by 75 per cent on the amount paid last year; IPT will be abolished in 2017. By: Christos Theodorides Published: Thursday 14th July 2016 • Filed Under DISY LEADER Averof Neophytou’s radical proposal for slashing the state’s immovable property tax (IPT) by 75 per cent this year, and scrapping it altogether in 2017, was passed by a majority vote in Thursday’s parliamentary plenum.
Read more at: http://www.news.cyprus-property-buyers.com/2016/07/14/immovable-property-tax-2016/id=00151477
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