Disy to file bills exempting borrowers repaying NPLs from tax

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Disy to file bills exempting borrowers repaying...
 © CyprusMail 2018
Disy chairman Averof Neofytou said that his party will submit to the plenary of the parliament on Friday four bills facilitating the reduction of non-performing loans with tax breaks concerning the sale of property.

The four bills will exempt property owners who sell their assets to third parties in order to repay part of their entire non-performing loans from income tax, capital gains tax, the extraordinary defence levy and stamp duties, Neofytou told reporters on Thursday according to an emailed transcript of his comments.

The new rules would allow the borrower to...


This article was automatically added to our system 31-5-2018

Disy to file bills exempting borrowers repaying NPLs from tax


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