{"id":3007,"date":"2020-07-03T12:09:42","date_gmt":"2020-07-03T12:09:42","guid":{"rendered":"https:\/\/r02fi4ct8m.wpdns.site\/support-measures-for-property-owners-in-the-face-of-covid-2019-for-reduction-of-rents\/"},"modified":"2020-07-03T12:09:42","modified_gmt":"2020-07-03T12:09:42","slug":"support-measures-for-property-owners-in-the-face-of-covid-2019-for-reduction-of-rents","status":"publish","type":"post","link":"https:\/\/www.gstaxconsultants.com\/ru\/support-measures-for-property-owners-in-the-face-of-covid-2019-for-reduction-of-rents\/","title":{"rendered":"Support measures for property owners in the face of Covid 2019 for reduction of rents"},"content":{"rendered":"<p>On June 2, the Cypriot Parliament voted the Law on Income Tax (N.118 (I) 2002) which is to be granted to individuals and in real estate owners&#8217; companies for a tax deduction against the total income tax for the year 2020 in case of reduction of rents.<\/p>\n<p><!--more--><\/p>\n<p>The tax credit will be equal to 50% of the monthly rent reduction granted voluntarily by the owner, provided that the reduction ranges between 30% and 50% of the monthly rent.<\/p>\n<p>Note that:<br \/> 1. The credit for reduction of rents based on Article 9E of the Law on Income Tax (N.118 (I) 2002), concerns only the tax year 2020.<br \/> 2. Tax credit is valid for a maximum of 3 months within the tax year 2020, regardless of the number of the months for which a lease reduction has been agreed.<br \/> 3. The reduction of rent presupposes a written agreement between the relevant parties.<br \/> 4. Tax credit is not provided in case the owner and the lessee are affiliated parties accordingly<br \/> with the provisions of Article 33.<br \/> 5. The tax credit that results from the application of Article 9E of the Income Tax Law (N.118 (I) 2002) may not exceed the amount of tax paid.<\/p>","protected":false},"excerpt":{"rendered":"<p>On June 2, the Cypriot Parliament voted the Law on Income Tax (N.118 (I) 2002) which is to be granted to individuals and in real estate owners&#8217; companies for a tax deduction against the total income tax for the year 2020 in case of reduction of rents.<\/p>","protected":false},"author":7,"featured_media":3006,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","_seopress_robots_follow":"","_seopress_robots_imageindex":"","_seopress_robots_snippet":"","_seopress_robots_primary_cat":"","_seopress_robots_breadcrumbs":"","_seopress_robots_freeze_modified_date":"","_seopress_robots_custom_modified_date":"","_seopress_robots_canonical":"","_seopress_social_fb_title":"","_seopress_social_fb_desc":"","_seopress_social_fb_img":"","_seopress_social_fb_img_attachment_id":0,"_seopress_social_fb_img_width":0,"_seopress_social_fb_img_height":0,"_seopress_social_twitter_title":"","_seopress_social_twitter_desc":"","_seopress_social_twitter_img":"","_seopress_social_twitter_img_attachment_id":0,"_seopress_social_twitter_img_width":0,"_seopress_social_twitter_img_height":0,"_seopress_redirections_value":"","_seopress_redirections_enabled":"","_seopress_redirections_enabled_regex":"","_seopress_redirections_logged_status":"","_seopress_redirections_param":"","_seopress_redirections_type":0,"_seopress_analysis_target_kw":"","_seopress_news_disabled":"","_seopress_video_disabled":"","_seopress_video":[],"_seopress_pro_schemas_manual":[],"_seopress_pro_rich_snippets_disable_all":"","_seopress_pro_rich_snippets_disable":[],"_seopress_pro_schemas":[],"footnotes":""},"categories":[61],"tags":[],"class_list":["post-3007","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-articles"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.gstaxconsultants.com\/ru\/wp-json\/wp\/v2\/posts\/3007","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gstaxconsultants.com\/ru\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gstaxconsultants.com\/ru\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gstaxconsultants.com\/ru\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gstaxconsultants.com\/ru\/wp-json\/wp\/v2\/comments?post=3007"}],"version-history":[{"count":0,"href":"https:\/\/www.gstaxconsultants.com\/ru\/wp-json\/wp\/v2\/posts\/3007\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gstaxconsultants.com\/ru\/wp-json\/wp\/v2\/media\/3006"}],"wp:attachment":[{"href":"https:\/\/www.gstaxconsultants.com\/ru\/wp-json\/wp\/v2\/media?parent=3007"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gstaxconsultants.com\/ru\/wp-json\/wp\/v2\/categories?post=3007"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gstaxconsultants.com\/ru\/wp-json\/wp\/v2\/tags?post=3007"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}