{"id":44451,"date":"2024-10-29T18:02:16","date_gmt":"2024-10-29T18:02:16","guid":{"rendered":"https:\/\/acla.netshop-isp.co.uk\/?p=44451"},"modified":"2025-07-15T07:54:19","modified_gmt":"2025-07-15T05:54:19","slug":"5-vat-on-the-purchase-or-construction-of-a-new-residence","status":"publish","type":"post","link":"https:\/\/aclaauditors.com\/el\/5-vat-on-the-purchase-or-construction-of-a-new-residence\/","title":{"rendered":"5% VAT on the Purchase or Construction of a new residence"},"content":{"rendered":"<p>The Cyprus Parliament, on 8th June 2023, approved the new legislation with regards to the application of 5% VAT rate on the purchase or construction of a building to be used as a main and permanent residence by individuals.<\/p>\n\n\n\n<p>1st condition (130 m\u00b2 threshold):<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>For apartments\/houses up to 130 square meters (m\u00b2), a reduced VAT rate of 5% shall be imposed.<\/li>\n\n\n\n<li>For apartments\/houses that exceed 130 m\u00b2 and are up to 190 m\u00b2, a VAT rate of 19% shall apply on the square meters exceeding the threshold of 130 m\u00b2.<\/li>\n\n\n\n<li>For apartments\/houses that exceed the threshold of 190 m\u00b2, a VAT rate of 19% shall apply to the whole value.<\/li>\n<\/ul>\n\n\n\n<p>2nd condition (\u20ac350.000 threshold):<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>For apartments\/houses with a value up to \u20ac350.000, a VAT rate of 5% shall be imposed.<\/li>\n\n\n\n<li>For apartments\/houses with a value that exceeds \u20ac350.000 and is up to \u20ac475.000, VAT of 19% shall apply on the amount exceeding the threshold of \u20ac350.000.<\/li>\n\n\n\n<li>For apartments\/houses with a value that exceeds the threshold of \u20ac475.000, VAT of 19% shall apply on the whole value.<\/li>\n<\/ul>\n\n\n\n<p>At ACLA AUDITORS, we can assist you with the preparation and submission of all the necessary documentation and procedures that are required for the request of the 5% reduced VAT certificate.<\/p>","protected":false},"excerpt":{"rendered":"<p>The Cyprus Parliament, on 8th June 2023, approved the new legislation with regards to the application of 5% VAT rate on the purchase or construction of a building to be used as a main and permanent residence by individuals. 1st condition (130 m\u00b2 threshold): 2nd condition (\u20ac350.000 threshold): At ACLA AUDITORS, we can assist you&#8230;<\/p>","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,18],"tags":[127,126,128,130,131,129,94],"class_list":["post-44451","post","type-post","status-publish","format-standard","hentry","category-articles","category-tax-alerts","tag-127","tag-5-certificate","tag-certificate","tag-construction","tag-new-residence","tag-purchase","tag-vat"],"_links":{"self":[{"href":"https:\/\/aclaauditors.com\/el\/wp-json\/wp\/v2\/posts\/44451","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/aclaauditors.com\/el\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/aclaauditors.com\/el\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/aclaauditors.com\/el\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/aclaauditors.com\/el\/wp-json\/wp\/v2\/comments?post=44451"}],"version-history":[{"count":1,"href":"https:\/\/aclaauditors.com\/el\/wp-json\/wp\/v2\/posts\/44451\/revisions"}],"predecessor-version":[{"id":44452,"href":"https:\/\/aclaauditors.com\/el\/wp-json\/wp\/v2\/posts\/44451\/revisions\/44452"}],"wp:attachment":[{"href":"https:\/\/aclaauditors.com\/el\/wp-json\/wp\/v2\/media?parent=44451"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/aclaauditors.com\/el\/wp-json\/wp\/v2\/categories?post=44451"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/aclaauditors.com\/el\/wp-json\/wp\/v2\/tags?post=44451"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}