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Indirect Tax Update - Reduced VAT rate in renovation and repair of private dwellings

Indirect Tax Update - Reduced VAT rate

Reduced VAT rate of 5% in renovation and repair of private dwellings.

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Harry Charalambous

Board Member, Indirect Tax Services

KPMG in Cyprus

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Indirect Tax Update

Reduced VAT rate in renovation and repair of private dwellings

  • Amendment to existing provision (Paragraph 11) to cover holiday houses
  • Paragraph 11A - Additional services covered by the reduced rate for vulnerableconsumers and for residents in border areas
  • Services from subcontractors to the main contractor in connection with the application(complications) of Article 11B
  • Examples (1-8)

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KPMG and the KPMG logo are registered trademarks of KPMG International Cooperative ("KPMG International") a Swiss entity. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act upon such information without appropriate professional advice after a thorough examination of the particular situation. The views and opinions expressed herein are those of the author and do not necessarily represent the views and opinions of KPMG International Cooperative ("KPMG International") or KPMG member firms.

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