Which taxes to pay when buying property in Northern Cyprus

When purchasing property in Northern Cyprus, there are usually 4 key payments: stamp duty of 0.5% when registering the contract with the tax office, cadastral fee of 6% when registering the contract with the land registry (TAPU), VAT of 5% (usually to the developer — typically at the handover of keys if the date is specified in the contract), and the title deed transfer fee — within 75 working days after the purchase permit is issued. For foreign buyers, the rate at the title transfer stage for the first property is 3% (if 6% was paid when registering the contract), and for the second property — 6% (if 3% was paid when registering the contract). We have already discussed the overall amount of taxes here, below — when, where, and which tax is paid.

• Stages of Tax Payment
• Frequently Asked Questions
• If You Need Help Buying Property in Northern Cyprus
• If You Need Consultation with a Licensed Lawyer in Northern Cyprus

Stages of Tax Payment in Northern Cyprus

• Payment of stamp duty at the tax office registration (0.5%).
• Payment of cadastral fee when registering the contract with the land registry (6%).
• Payment of VAT to the developer: date specified in the contract, usually at the handover of keys (5%).
• Payment of the title deed transfer is made within 75 working days from the issuance of the purchase permit: for the first property for a foreign buyer 3% (if 6% was paid at contract registration), for the second property — 6% (if 3% was paid at contract registration).

Frequently Asked Questions

What if the contract with the developer does not specify the VAT payment date?

In this case, payment is made at the stage of transferring the title deed to your name.

Where can I find contacts for the tax offices in Northern Cyprus?

On this page you will find general information about the tax office, as well as contacts for all branches across the regions of Northern Cyprus.

What is a title deed and why is it needed?

The title deed (from English Title Deed) or koçan (from Turkish Taşınmaz Mal Koçanı) is a legally binding document for property, issued by the Land Registry.

What rate applies at the title transfer stage for a foreign buyer?

For the first property at the title transfer stage, 3% applies (if 6% was paid at contract registration). For the second property at the title transfer stage, 6% applies (if 3% was paid at contract registration).

If You Need Help Buying Property in Northern Cyprus

You can contact our partner — Vadim Chernyakov.

Phone: +90 533 882 40 55
WhatsApp / Telegram
Channel: Real Estate Market Analytics and News

If You Need Consultation with a Licensed Lawyer in Northern Cyprus

You can contact our legal partner — DeJure for consultation with a lawyer licensed in Northern Cyprus.

• Phone: +90 539 119 05 55
  
• WhatsApp
  
• Telegram