Cyprus, Nicosia

What taxes should be paid when purchasing real estate in Northern Cyprus?

Updated: 3 weeks ago
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We have already discussed the overall amount of taxes, but now let’s go over when, where, and which tax is paid.

Регистрация недвижимости на Северном Кипре

Tax Payment Stages in Northern Cyprus

  • Stamp duty payment upon registration with the tax office (0.5%)
  • Land registry fee payment upon registering the contract with the Land Registry (6%)
  • VAT payment to the developer: the date is specified in the contract, typically upon handing over the keys (5%)
  • Title transfer fee to be paid within 60 working days from the issuance of the purchase permit (6%)

Frequently Asked Questions

What should I do if the VAT payment date is not specified in the contract with the developer?

In that case, payment is made at the title transfer stage to your name.

Where can I find contact information for the tax office in Northern Cyprus?

On this page, you will find general information about the TRNC tax office and the contact details for all regional offices.

What is a title deed, and why is it necessary?

A title deed (from English “Title Deed”) or kocan (from Turkish “Taşınmaz Mal Koçanı”) is a document issued by the Land Registry that certifies property ownership.

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Vadim Chernyakov
Vadim Chernyakov
Real estate expert

Our company provides a wide range of legal services across Northern Cyprus. With us, you can receive qualified assistance in real estate, legal, visa, or financial matters.

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