We would like to bring to your attention that the deadline for the first temporary tax instalment for the tax year 2025 is approaching. We urge you to give due consideration to the matter so as to ensure that the payment of the relevant tax liability is made by the due date.

The Department of Taxation (DoT) issued an announcement informing the public that a campaign will be initiated to ensure that the individuals that applied and got approved to pay a reduced VAT rate of 5% on the acquisition/construction of their main and permanent residence in the Republic are actually using the specific immovable property in accordance with the provisions of the Law.