Tax alert | Abolishment of Tax Circular 1987/21 'Real Estate Developers & Contractors'

Date: 3 November 2021

The Tax Department has released on 12 October 2021 the Interpretative Circular 53 relating to the above subject. The Circular refers to the tax treatment of real estate developers and contractors from the 2022 tax year onwards.

The relevant Interpretative Circular can be found below.

Το Τμήμα Φορολογίας εξέδωσε στις 12 Οκτωβρίου 2021 την Ερμηνευτική Εγκύκλιο 53 αναφορικά με το πιο πάνω θέμα. Η Εγκύκλιος αναφέρεται στο φορολογικό χειρισμό των υπό αναφορά φορολογουμένων (εταιρείες ανάπτυξης γης και εργοληπτικές εταιρείες) από το φορολογικό έτος 2022 και μετέπειτα.

Πιο κάτω μπορείτε να βρείτε την σχετική εγκύκλιο.

How can KPMG assist?

Should you like to further discuss the content and potential impact of the Interpretative Circulars to your business, please contact one of our trusted advisors from the Tax Department at KPMG in Cyprus.

George Markides
Board Member
Head of Tax Services
KPMG Limited

 

Katia Papanicolaou
Board Member     
KPMG Limited
Direct Tax Services            

Costas Markides
Board Member
KPMG Limited
International Tax Services

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International Tax Services
KPMG Limited

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Direct Tax Services
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Tax & Legal Services
KPMG Limited

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