The state has so far put some €31.6m in its coffers from immovable property tax (IPT), as the rate of compliance touched 91%, it was announced recently.
According to the tax department, 91.2% of individual taxpayers and 80.35% of the companies had settled their IPT in 2016.
Out of 278,061 taxpayers, 252,072 had paid their bills as of December 31. The state collected around €31.6m.
The outstanding amount was €3.7m, which did not include late fees and interest.
Some €19.9m were paid by 240,081 individuals. Companies paid around €11.6m with the rate of compliance slightly over 80%, or 11,271 out of 14,027.
Source: Cyprus Mail
