{"id":155648,"date":"2026-05-19T20:48:09","date_gmt":"2026-05-19T17:48:09","guid":{"rendered":"https:\/\/lamaisonestates.com\/?p=155648"},"modified":"2026-05-19T20:48:09","modified_gmt":"2026-05-19T17:48:09","slug":"cyprus-extends-5-housing-vat-deadline-to-end-of-2026","status":"publish","type":"post","link":"https:\/\/lamaisonestates.com\/ru\/cyprus-extends-5-housing-vat-deadline-to-end-of-2026\/","title":{"rendered":"Cyprus Extends 5% Housing VAT Deadline To End Of 2026"},"content":{"rendered":"<p id=\"p-rc_78bcdfb4f8057376-68\" data-path-to-node=\"1\"><span class=\"citation-134 citation-end-134\">Parliament has extended the tax relief deadline for newly built primary residences.<\/span> Under Law 109(I)\/2026, buyers facing municipal backlogs now have until December 31, 2026, to secure the discounted 5% VAT rate instead of the standard 19%.<\/p>\n<p id=\"p-rc_78bcdfb4f8057376-69\" data-path-to-node=\"2\"><span class=\"citation-133 citation-end-133\">The amendment, published in the Official Gazette on April 24, 2026, aims to protect buyers stalled by state planning delays.<\/span><\/p>\n<h3 data-path-to-node=\"3\"><b data-path-to-node=\"3\" data-index-in-node=\"0\">Who Qualifies for the Extension?<\/b><\/h3>\n<p data-path-to-node=\"4\">The new year-end timeline applies strictly to projects where:<\/p>\n<ul data-path-to-node=\"5\">\n<li>\n<p id=\"p-rc_78bcdfb4f8057376-70\" data-path-to-node=\"5,0,0\"><span class=\"citation-132\">The planning permit application was filed by <\/span><span class=\"citation-132\">October 31, 2023<\/span><span class=\"citation-132 citation-end-132\">.<\/span><\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"5,1,0\">The final building permit was issued after January 1, 2025, or remains pending.<\/p>\n<\/li>\n<\/ul>\n<blockquote data-path-to-node=\"6\">\n<p data-path-to-node=\"6,0\">Note: If the building permit is still pending, buyers must submit their permit request with their tax file to prove the delay lies with the municipality.<\/p>\n<\/blockquote>\n<h3 data-path-to-node=\"7\"><b data-path-to-node=\"7\" data-index-in-node=\"0\">The June 15 Deadline Still Stands for On-Time Permits<\/b><\/h3>\n<p id=\"p-rc_78bcdfb4f8057376-71\" data-path-to-node=\"8\"><span class=\"citation-131 citation-end-131\">The extension is not universal.<\/span> <span class=\"citation-130\">For projects whose building permits were issued <\/span><i data-path-to-node=\"8\" data-index-in-node=\"80\"><span class=\"citation-130\">on or before<\/span><\/i><span class=\"citation-130\"> December 31, 2024, the deadline remains <\/span><span class=\"citation-130\">June 15, 2026<\/span><span class=\"citation-130 citation-end-130\">.<\/span> These buyers must file immediately to avoid defaulting to stricter, more expensive tax rules.<\/p>\n<h3 data-path-to-node=\"9\"><b data-path-to-node=\"9\" data-index-in-node=\"0\">Old vs. New VAT Frameworks<\/b><\/h3>\n<p data-path-to-node=\"10\">Because VAT applies only to brand-new builds (resales are exempt), qualifying for the legacy framework saves buyers tens of thousands of euros.<\/p>\n<table data-path-to-node=\"11\">\n<thead>\n<tr>\n<td><strong>Tax Parameter<\/strong><\/td>\n<td><strong>Legacy Rules (Pre-June 2023)<\/strong><\/td>\n<td><strong>Reform Rules (Law 42(I)\/2023)<\/strong><\/td>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><span data-path-to-node=\"11,1,0,0\"><b data-path-to-node=\"11,1,0,0\" data-index-in-node=\"0\">Discounted Area<\/b><\/span><\/td>\n<td><span data-path-to-node=\"11,1,1,0\">First <b data-path-to-node=\"11,1,1,0\" data-index-in-node=\"6\">200 sq. m.<\/b> at 5%<\/span><\/td>\n<td><span data-path-to-node=\"11,1,2,0\">First <b data-path-to-node=\"11,1,2,0\" data-index-in-node=\"6\">130 sq. m.<\/b> at 5%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span data-path-to-node=\"11,2,0,0\"><b data-path-to-node=\"11,2,0,0\" data-index-in-node=\"0\">Max Property Size<\/b><\/span><\/td>\n<td><span data-path-to-node=\"11,2,1,0\"><b data-path-to-node=\"11,2,1,0\" data-index-in-node=\"0\">No Limit<\/b> (Excess at 19%)<\/span><\/td>\n<td><span data-path-to-node=\"11,2,2,0\">Hard cap of <b data-path-to-node=\"11,2,2,0\" data-index-in-node=\"12\">190 sq. m.<\/b><\/span><\/td>\n<\/tr>\n<tr>\n<td><span data-path-to-node=\"11,3,0,0\"><b data-path-to-node=\"11,3,0,0\" data-index-in-node=\"0\">Value Cap at 5%<\/b><\/span><\/td>\n<td><span data-path-to-node=\"11,3,1,0\"><b data-path-to-node=\"11,3,1,0\" data-index-in-node=\"0\">No Limit<\/b><\/span><\/td>\n<td><span data-path-to-node=\"11,3,2,0\">Capped at <b data-path-to-node=\"11,3,2,0\" data-index-in-node=\"10\">\u20ac350,000<\/b><\/span><\/td>\n<\/tr>\n<tr>\n<td><span data-path-to-node=\"11,4,0,0\"><b data-path-to-node=\"11,4,0,0\" data-index-in-node=\"0\">Max Transaction Value<\/b><\/span><\/td>\n<td><span data-path-to-node=\"11,4,1,0\"><b data-path-to-node=\"11,4,1,0\" data-index-in-node=\"0\">No Limit<\/b><\/span><\/td>\n<td><span data-path-to-node=\"11,4,2,0\">Hard cap of <b data-path-to-node=\"11,4,2,0\" data-index-in-node=\"12\">\u20ac475,000<\/b><\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3 data-path-to-node=\"12\"><b data-path-to-node=\"12\" data-index-in-node=\"0\">The Bottom Line<\/b><\/h3>\n<p id=\"p-rc_78bcdfb4f8057376-72\" data-path-to-node=\"13\"><span class=\"citation-129 citation-end-129\">Under the original rules, luxury homes could still claim a 5% VAT discount on the first 200 square meters.<\/span> <span class=\"citation-128 citation-end-128\">Under the post-2023 reform, properties exceeding 190 square meters or valued over \u20ac475,000 are completely disqualified, facing a full 19% tax on the entire transaction.<\/span><\/p>\n<p id=\"p-rc_78bcdfb4f8057376-73\" data-path-to-node=\"14\"><span class=\"citation-127 citation-end-127\">This extension gives buyers caught in administrative logjams a final window to save substantial capital.<\/span> <span class=\"citation-126 citation-end-126\">Experts urge owners to check their permit timelines and seek legal guidance before the cutoffs.<\/span><\/p>\n<p data-path-to-node=\"14\">\n<p data-path-to-node=\"14\"><b data-path-to-node=\"15,0\" data-index-in-node=\"0\">Source:<\/b>\u00a0 <strong><em>Cyprus Property News<\/em><\/strong><\/p>","protected":false},"excerpt":{"rendered":"<p>Parliament has extended the tax relief deadline for newly built primary residences. Under Law 109(I)\/2026, buyers facing municipal backlogs now have until December 31, 2026, to secure the discounted 5% VAT rate instead of the standard 19%. The amendment, published in the Official Gazette on April 24, 2026, aims to protect buyers stalled by state [&hellip;]<\/p>","protected":false},"author":9,"featured_media":155649,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/lamaisonestates.com\/ru\/wp-json\/wp\/v2\/posts\/155648"}],"collection":[{"href":"https:\/\/lamaisonestates.com\/ru\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lamaisonestates.com\/ru\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lamaisonestates.com\/ru\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/lamaisonestates.com\/ru\/wp-json\/wp\/v2\/comments?post=155648"}],"version-history":[{"count":3,"href":"https:\/\/lamaisonestates.com\/ru\/wp-json\/wp\/v2\/posts\/155648\/revisions"}],"predecessor-version":[{"id":155652,"href":"https:\/\/lamaisonestates.com\/ru\/wp-json\/wp\/v2\/posts\/155648\/revisions\/155652"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lamaisonestates.com\/ru\/wp-json\/wp\/v2\/media\/155649"}],"wp:attachment":[{"href":"https:\/\/lamaisonestates.com\/ru\/wp-json\/wp\/v2\/media?parent=155648"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lamaisonestates.com\/ru\/wp-json\/wp\/v2\/categories?post=155648"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lamaisonestates.com\/ru\/wp-json\/wp\/v2\/tags?post=155648"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}