22 Nov Equal Distribution of Burdens Fee
The Tax Department informs that, on a transfer of real estate ownership or shares of a non-listed company, which directly or indirectly owns real estate property, a fee of 0.4% is imposed for the purposes of the Central Agency for Equal Distribution of Burdens.
The fee is imposed to the seller.
However, it is emphasized that, for cases concerning the period from 22/02/2021 to 18/11/2022, the Tax Commissioner intends to grant a reasonable time period for settlement of the relevant obligation without the imposition of interest and/or financial charges. The public is urged not to rush to the Department’s offices to arrange the liabilities arising within the above period.
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