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Cyprus Parliament Approves New Measures to Support Economy in Response to COVID-19 Pandemic Including Relief for Rent Reductions

|Approved Changes|Cyprus
Cyprus

The Cyprus Press and Information Office has issued a release from the Minister of Finance announcing that the House of Representatives (parliament) approved two bills on 22 May 2020 for a new measures to support the economy in the response to the COVID-19 pandemic. As previously reported, the main tax-related measure is tax relief for owners of real estate that is rented to individuals or legal entities. If owners reduce the rent amount for a period of up to three months in 2020 for tenants …

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