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Important info regarding property purchase in Cyprus

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FPE

From: Cyprus
3/5/2004 05:11 EST

Hi
I have just learned that as of May 1 2004 VAT of 15% will be levied on property purchases.

My lawyers are unsure as to how it will be applied whether it will be applied to any outstanding payments on existing contracts or just on new contracts executed from May 1
If you think this may affect you please contact me and I will attempt to assist in finding more info
Vivian
vivian@financialplanningforexpats.com

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