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Laws regarding the Energy Efficiency Certificate

[CY]   +357 24 818730

New Tax Reductions for Owners Regarding Rent Income

New Tax Reductions for Owners Regarding Rent Income

As from the 3rd of June 2020, the reduction of rental taxation will refer to property owners who rent out their property to any physical or legal entities as far as there is a reduction of the rent according to the below requirements:
a) The monthly reduction is not more than 50% and not less of 30% and it refers to not more than 3 months period, regardless of the 2020 year.
b) The reduction should be with a written agreement.
c) The owner and the tenant should not be related
 
Further information one can find at www.mof.gov.cy/tax 

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