The owners of property in Cyprus will pay the same tax as 2014, and the Bill for a unified tax rate on the basis of updated values submitted by the Government will be discussed by Parliament in Autumn, to be executed in 2016.

The Government made the decision to impose the same tax as last year, on the basis of property values in 1980. As it is known, even if the Government wanted the Bill to be voted before the summer holidays, the Parliament decided to move it in Autumn.