Cyprus: Tax liability for transfer of real property following a sale
A notice of tax liability of central equal weight sharing body fee to persons who proceeded to transfer immovable property following a sale
Tax liability for transfer of real property following a sale
The Department of Taxation has sent a notice of tax liability of the central equal weight sharing body fee (KFIKB) to persons who, during the period 22 February 2021 to 18 November 2022, proceeded to transfer immovable property following a sale.
The notice grants a period until 31 December 2023 for payment of the financial transaction tax (FTT) without the imposition of penalties and interest. After this date, penalties and interest will be imposed until full payment is made.
Read a November 2023 report prepared by the KPMG member firm in Cyprus
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