Overview of Changes
The Cyprus government has introduced several important changes to property tax regulations for 2024. These changes affect both local and foreign property owners, including Israeli citizens who own property in Cyprus.
Key Changes Include:
- Updated GHS tax rates for different property types
- New filing deadlines and procedures
- Enhanced compliance requirements
- Digital submission requirements
Impact on Israeli Property Owners
Israeli property owners in Cyprus need to be aware of these changes to ensure proper compliance and avoid penalties. The new regulations require more detailed reporting and earlier submission dates.
What You Should Do:
- •Review your current property tax status
- •Update your documentation
- •Prepare for new compliance requirements
- •Get professional guidance from KMB experts
Professional Support
At KMB, we stay up-to-date with all Cyprus tax regulations and can help you navigate these changes. Our team of experts ensures that your property tax filings are accurate and submitted on time.
Contact us today to discuss how these changes affect your specific situation and how we can help you maintain compliance.