
Tax
VAT on Cyprus property: when 19% becomes 5%
Cyprus charges 19% VAT on newly built homes, but a 5% reduced rate is available for a buyer's primary residence. The rules tightened in 2023 — here is what the cap looks like in 2026 and how to use it.
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Cyprus charges 19% VAT on newly built homes, but a 5% reduced rate is available for a buyer's primary residence. The rules tightened in 2023 — here is what the cap looks like in 2026 and how to use it.

Cyprus stripped out annual immovable-property tax in 2017 and slashed transfer fees during the recovery years. Here is the cleanest summary of what an off-plan buyer actually pays in 2026 — from contract signature through resale.111