Episode notes
This episode provides a detailed overview of the Value Added Tax (VAT) regulations concerning commercial property leasing in Cyprus, following amendments made in 2017. It explains that the law changed to allow landlords, both individuals and companies, to opt to charge VAT (currently 19%) on the rent of commercial premises, which was previously generally exempt. This option is irrevocable once exercised for a specific property and is primarily beneficial because it allows landlords to recover input VAT they paid during the property's acquisition or construction.