The payment of city taxes for the year 2023 in Larnaca will be possible until January 31, 2024.
This was announced by the local municipality on Thursday, December 28.
Specifically, residents of the city have been granted a full month's grace period. A written statement from the Larnaca Municipality said that it is about various fees and taxes, including property and occupational taxes, utility taxes, garbage collection and others.
Citizens can pay the required taxes exclusively at the Citizens' Service Center. At the same time, the Larnaca Municipality warned that on January 2, the office will only accept customers until 11 am.
It should be noted that after January 31, the payment of taxes will be subject to a penalty in accordance with the current legislation - 10% of the amount owed will be added to the bill in the form of a fine.
Information on a similar extension of deadlines in other municipalities has not yet been received.
Remember that real estate, which is located on the territory of the Republic of Cyprus is subject to the following types of taxes:
- Municipal tax
This is an annual tax that is assessed on the real estate of an individual or legal entity, located within a certain municipality. Since January 1991, the rate of municipal tax and the date of its calculation each municipal council establishes independently. The basis for calculation is the market value of the property.
- Sewerage tax
This levy is paid to the local water and sewerage boards in areas where there is or is planned to be a sewerage system. The owner must pay the levy once a year, or quarterly by prior arrangement with the council.
- Garbage Collection Fee
This levy is not paid by the owner but by the person who uses the property. The Act sets an upper limit on the rate of the levy for residential and various categories of commercial premises. The actual levy rate is reviewed annually by each municipality, taking into account certain criteria. For example, the neighborhood in which the apartment or house is located.
- Capital gains tax
According to the tax department, this type of tax is levied at a rate of 20% on the difference between the purchase price and the sale price of the property.