Cyprus’s reduced home VAT: what parliament decided, why it matters, and what changes in 2027

Parliament has voted to extend provisions allowing a reduced 5% VAT rate on the purchase or construction of a primary residence until the end of 2026, while bringing in the Tax Commissioner to handle approvals in a bid to head off potential European Commission action. All parties voted in favour except AKEL. The decision came […]

By Eleftheria Paizanou